Health insurance policies generally require the insured to pay up to a certain amount each year before the insurer's payment obligation begins. This specific amount, which is a set amount established by federal law, is known as the deductible.

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The deductible is the amount the insured must pay out-of-pocket before the health insurer pays its share. However, the specific amount of the deductible is not established by federal law but rather varies by the policy and the insurance company offering it.

Health Insurance Policies Generally Require the Insured to Pay Up