Final answer:
The amount of money you need to pay for medical expenses before insurance benefits can be used is the deductible.
Step-by-step explanation:
The amount of money that you will need to pay for any medical expenses before the benefits of the insurance policy can be used is called the deductible.
For example, if your health insurance policy has a deductible of $500, you will need to pay the first $500 of your medical expenses out of pocket before your insurance benefits kick in.
Once you have paid the deductible, your insurance company will start covering a portion or all of the remaining medical expenses, depending on your policy's terms.
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