A deductible is the amount you pay each year for eligible medical services or medications before your insurance plan kicks in. If you have a $1,500 annual deductible, you’ll need to pay the first $1,500 of your eligible medical costs.
Many medical costs are eligible to count towards your deductible, such as bills for hospitalization, surgery, MRIs, CAT scans, lab tests, and anesthesia. However, costs for things like well visits, copays and your insurance premium generally do not count towards the deductible.
If you haven’t yet met your yearly deductible, your insurance company will not pay the claim for your visit, and you will be responsible for the total cost.