This video explains the concept of a health insurance deductible.
- A deductible is the amount paid by the policyholder before insurance coverage kicks in.
- Example provided: A $500 deductible means the first $500 of a $1000 hospital bill is the individual’s responsibility.
- Additional deductibles may apply for specific services or out-of-network care.
- Certain costs, like cosmetic treatments and copayments, do not apply towards the deductible.
