The amount of money you must pay in covered expenses each year before your plan or program pays anything for certain covered services. The deductible may not apply to all services. Not all plans require deductibles.
Example: If your deductible is $500, you need to spend $500 for covered healthcare services within one year before your plan or program will start paying for your health services. Your deductible resets once every year.
An individual who is legally eligible for health plan benefits because of his or her association with the insured subscriber (the insurance policy holder). Usually a dependent is a member of the subscriber’s family.