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What Is a Deductible in Health Insurance

The deductible is the amount you’re required to pay out of pocket before your health insurance begins to cover expenses aside from your premium, which you’ll still have to pay. With a PPO, you pay towards that deductible and then you’re covered 100% by the insurer. With an HMO, there is usually no deductible or a very low one. The Medicare Part B deductible is usually less than $200 a year. Screenings and preventive care is covered by Medicare Part B and does not require any Medicare copays or coinsurance. However, you may be responsible for 20% of some additional services. There is a maximum on how much a physician or other health care provider can be paid by Medicare.

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