Insurance Lesson

What is a deductible

A deductible is the amount deducted from any covered loss payment by an insurance company. Higher deductibles typically result in a lower premium.

Lesson Script

What This Video Covers

A deductible is the amount deducted from any covered loss payment by an insurance company. Higher deductibles typically result in a lower premium.
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Health insurance helps pay for medical care such as doctor visits, hospital services, prescriptions, preventive care, and covered treatments.