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What Is a Health Insurance Deductible?

By Robin Hartill, CFPUpdated Nov 15, 2024 at 9:11 AM

Key Points

  • Health insurance deductibles must be paid before insurance covers medical costs.
  • Deductibles, coinsurance, and copays affect total healthcare expenses.
  • Low-deductible plans may have higher premiums, and vice versa.

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