Deductible plan

{
  "id": "MLC-T-INS-001091",
  "term": "Deductible plan",
  "field": "Insurance and risk management",
  "definition": "A health insurance arrangement where the insured pays a specified amount of out-of-pocket expenses for medical services before the insurer begins to cover costs. This plan design shifts a portion of the financial risk to the policyholder in exchange for lower premium payments. Deductibles can range from a few hundred to several thousand dollars annually, depending on the plan and coverage level.",
  "url": "https://mlchart.com/terminology/insurance/deductible-plan/"
}