The deductible is the upfront amount you pay for covered services before your insurance begins to pay their part. Generally, major medical and short term insurance plans include deductibles. For example, if you have a $600 deductible, you pay $600 toward covered services you receive during the year, after which you are responsible for your coinsurance and copays. Keep in mind that the deductible is only applied to services covered in your policy. Also, your deductible resets each year.

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