The deductible is the amount of money on your vet bill that you’re responsible for before you can be reimbursed. A $3,000 vet bill under a plan with a $500 deductible means you pay the first $500. The insurance provider covers the rest of the bill up to your reimbursement rate. A higher deductible means you’ll need to pay more out of pocket before you can be reimbursed. The trade-off is that high-deductible plans usually have a lower premium. The size of your deductible depends on the policy plan you choose. MetLife Pet Insurance offers a wide range of plans to fit your budget and your pet’s unique needs.