A deductible is the amount you are required to pay out-of-pocket for covered healthcare services before your health insurance plan begins to pay its share. This amount typically applies over a coverage period, usually one year. For example, if your plan has a $1,000 deductible, you would need to pay $1,000 for covered services that are subject to the deductible before your insurance starts covering the costs. Some plans may have separate deductibles for different types of services or may only have separate deductibles for specific groups of services.
