deductible

A health insurance deductible is the amount you pay out of pocket for covered medical expenses before your insurance starts to cover the costs. Choosing the right deductible is important because it can affect how much you pay for health insurance and how much you pay for medical care.

There are two main types of deductibles: annual deductibles and per-service deductibles. An annual deductible is the total amount you have to pay out of pocket for covered medical expenses in a year. A per-service deductible is the amount you have to pay out of pocket for each covered medical service.

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