Your health insurance deductible is the amount you pay for covered healthcare services before your health insurance plan kicks in to pay its portion of your healthcare bills. After you satisfy your deductible, the plan pays its share of your healthcare bills for the remainder of the year.
For example, if your health plan has a $3,500 deductible, you’ll pay the first $3,500 of covered services. You may also pay a copayment or coinsurance when you need healthcare services after your deductible is satisfied.