Not every health plan has a deductible, and this amount may vary by plan. For example, if your health plan has a $1,000 deductible, you will need to pay for the first $1,000 of the costs for the services you receive. Beachbody Coach Quarterly Bonuses Explained Beachbody Health insurance premiums are tax deductible in some circumstances. Health insurance deductible explained . Deductibles are a form of cost sharing; When it comes to paying for your health insurance there are three primary components: The deductible is how much you are expected to pay per year for medical services your plan covers. A health insurance deductible is a specified amount or capped limit you must pay first before your insurance will begin paying your medical costs. After you pay your deductible, you usually pay only a copayment or coinsurance for covered services. What is a health insurance deductible? A health insurance deductible can be low or high depending on the health plan you choos...