What Does Deductible Mean In Relation To Health Insurance? 
This is the amount of money that you pay before the insurance company pays anything towards your medical expenses . When shopping for insurance this is n't the only thing to take into account . Make sure when shopping for a health insurance policy that you look at the out of pocket maximum . The initial deductible may be very low , but many companies have plans that have Coinsurance . So once you have met your deductible the insurance company may charge 50 % . So if you go in for a covered service and the bill is $ 2000 you would pay $ 1000 up to a maximum dollar amount set on your policy . 