Deductible: The amount you are on the hook for if...
It is the amount of money the insurance company is going
to deduct from your wallet for
certain charges. Usually anything that is not a basic office visit. Think
of it like this.... you go to a restaurant, and the waiter brings you a basket of bread. The bread is free, right? But if you
order from the menu, you will get a bill. Time spent with the doctor is your
basket of bread, it's usually free (no charge beyond your co-pay ). But if you need expensive tests or
hospitalization, then you've ordered from the menu and your bill will be
deducted from your wallet. Sometimes even smaller appetizers like blood work or
x-rays will be deducted from your wallet. You can tell what is free by looking
at your plan's benefit list. If it says "subject to deductible" think "surf 'n
turf."