The IRS Deductions Blog

Question: in terms of insurance, what exactly is the annual deductible?

The insurance site i’m looking at defines it as this:
A specific dollar amount that your health insurance company may require that you pay out-of-pocket each year before your health insurance plan begins to make payments for claims. Not all health insurance plans require a deductible.

Does that mean that I have to pay the full amount of the deductible before i can go to the doctor?

Answer: ~~Not necessarily, you have to read the fine print to know for sure. Usually the annual deductible applies to testing, lab, medications, and in-patient care. Usually there is just a copay for actual doctor visits.

However, each policy is different. So read the fine print, or call and speak with the customer service rep and have them answer all your questions.~~

Items on Amazon Right Now for Health Insurance Deductible Out Of Pocket:

Americans slow spending on health care

A decades-long boom in spending on doctors, hospitals and drugs slowed in 2008 to its lowest level, even as health care costs accounted for a greater share of the nation’s economy, the federal government said in a report released Tuesday.

Rep. Wasserman Schultz discusses the need for health insurance reform on CNBC with Rep. Mike Pence

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