what is an annual deductible in health insurance
The annual deductible is the aggregate maximum amount that the insurance policy requires the insured(s) to pay over the course of a year in deductibles. Stated otherwise, a deductible will normally be incurred for each physician's visit, medical test, or other procedure.
The annual deductible is a fixed dollar amount you pay for covered services each calendar year or plan year before HMSA will pay for certain services.