Deductible (Insurance)
InsuranceThe amount you must pay out of pocket for healthcare before your insurance begins covering costs.
Example
Example: When shopping for coverage, understanding deductible (insurance) helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle deductible (insurance) differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.