An annual deductible is a fixed amount you agree to pay in a calendar year before your health insurance coverage kicks in. For example, if your deductible is $5,000, your plan won’t pay for medical expenses until you’ve paid $5,000 for covered health care services that plan year.
Note: There are many exceptions. For example, most insurance plans offer a free annual physical regardless of deductible status. Review your unique insurance plan for details.