What’s a Deductible?

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.

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