No, and it’s an important difference to understand. Basically, your deductible is part of your out-of-pocket maximum. Here’s the definition of each to help explain: Deductible : the amount you pay out of pocket before your insurance company covers its portion of your medical bills. For example: If your deductible is $1,000, your insurance company will not cover any costs until you pay the first $1,000 yourself. Out-Of-Pocket Maximum (OOP) : the maximum amount you can spend on your healthcare in a calendar year. Once you reach your OOP , your insurance company will cover 100% of your covered medical costs. In other words, your deductible, among other costs including copayments and coinsurance , often feed into your Out-Of-Pocket Maximum, which is always the largest amount to reach in your plan.