What is a Deductible?

The deductible of a health insurance plan is the dollar amount that you must pay before your coverage kicks in. So if you had a deductible of $500, you would have to pay $500 of your medical bills before insurance started picking up the tab.

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Plans with higher deductibles have lower premiums. That means you’ll be responsible for paying for more of your care — but it also means it will cost less to keep your coverage in effect.

It’s also worth remembering that many plans “waive the deductible” for preventive care. You’ll be covered for doctor’s visits and other routine care without having to pay your deductible.

If your individual plan’s deductible is $1,100 or higher ($2,200 or higher for family plans) you can open a Health Savings Account (HSA). The HSA allows you to save money tax-free for almost any health care expense.

Use our Plan Finder and choose the deductible that fits your budget needs best, and we’ll instantly match you with compatible health insurance plans. 

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