CATALANO Reviewed VIKKI VELASQUEZ Verified the Facts
The amount that an insured person must pay out of pocket each year for eligible healthcare services before the insurance plan begins to cover the costs is known as a health insurance deductible.
The amount of the deductible varies from health insurance plan to plan. In most cases, the deductible is lower the higher the monthly premium.
The following are additional costs that come with health insurance:
the cost of medical insurance each month. You must pay this in order to keep the coverage.
Copayments. These are predetermined sums that the insured must contribute toward the cost of specific services. They are not included in the deductible.
Coinsurance contributions. Above and beyond the deductible, these indicate the insured person’s share of the cost of certain services.
