What Is A Deductible On Health Insurance?

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   Tom Sheehan

   Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482

   In general, any deductible in an insurance policy represents the amount that you are responsible for paying for a covered loss. In a health insurance policy, this is an up front amount that needs to be met before your coverage will begin paying according to the terms and conditions of your policy. Some health insurance policies also include a "co-pay" amount which is also an amount for which you are responsible once coverage begins. Ths amount is in addition to the deductible which you would have already met and is usually capped at a certain amount to limit your out of pocket expenses.

   Answered on March 3, 2015

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