A deductible is the fixed dollar amount that a health plan enrollee must pay for covered medical services before plan coverage for such care begins. Enrollees are typically still responsible for other forms of cost sharing after reaching the deductible. This out-of-pocket financial obligation for an enrollee resets at the beginning of every new insurance coverage period (which is often, but not always, the first day of the year). Certain types of preventive health care may be excluded from an enrollee’s annual deductible obligation.
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