What is a health insurance deductible?

A health insurance deductible is a set amount of money that must be paid out of pocket by an individual or family before their health insurance plan will pay out any benefits. The amount of the deductible may vary among different health insurance plans, and may be as low as $0 for some plans. In Hawaii, the law sets the maximum deductible that an individual or family can be required to pay, regardless of the health plan chosen. Once the deductible has been met, the health insurance plan will usually pay for most or all additional expenses. The deductible is an important part of health insurance, as it helps to keep the cost of health insurance down by making it so that individuals and families are more likely to take preventive measures and look after their health. In some cases, a health insurance plan may offer lower premiums if the deductible is raised.

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What is a health insurance deductible?

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