Deductible

This is an amount that is required to be paid by a subscriber before health plan benefits will begin to reimburse for services. It is usually an annual amount of all health care costs that is not covered by your insurance plan.

Some plans have both individual and family maximum deductibles. Typically, this deductible amount is $100., $250. or $500., depending on the plan. Some plans have recently instituted $1000. deductibles.

For example, with a $100. deductible,  you would be responsible for the first $100. in health care charges for the year. After that, the coverage would be split according to your plan formula which may cover a percentage of the fee charged, or limit your costs to a specific out of pocket cost.