A deductible is the amount you must pay out of pocket for covered services each year before your plan begins paying its share. Some services, such as preventive care, may be covered before you meet it. Once the deductible is satisfied, you typically move on to paying coinsurance or copayments.
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Disclaimer: This definition is provided for general educational purposes only and is not legal, medical, or insurance advice. Insurance rules, deadlines, and terminology vary by plan, state, and over time. Always check your own plan documents and confirm current details before acting.