Deductible

The amount your health insurance plan requires you to pay for health care services and supplies before they begin to pay. For example, if your deductible is $1,500, you are responsible for paying for all of the services and supplies you receive (except for any covered preventive services preventive services
Routine health care, including physicals, screenings, check-ups and patient counseling to prevent illnesses, disease or other health problems; or, to detect illness at an early stage, when treatment is likely to work best. Most health plans cover preventive services at no additional cost to you. ) until the amount you paid reaches $1,500. Once the deductible has been reached, your insurance company may pay for all of your health care expenses, or you may have to pay co-insurance co-insurance
The amount you pay for the cost of services after you pay any deductibles. Co-insurance is based on the negotiated rate between the insurance company and health care provider; it is not the provider’s charge. Co-insurance is typically a percentage and is limited by the out-of-pocket maximum or annual limit. , a percentage of the charges. If you have a high deductible health plan, you may be eligible for a Health Savings Account.