ANSWER: A deductible is the amount of money that the insured person must pay before their insurance policy starts paying for covered expenses.
Step-by-step explanation:
The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself. A fixed amount ($20, for example) you pay for a covered health care service after you've paid your deductible.