When the Deductible Doesn't Apply
The deductible doesn't always apply to all types of medical services. Depending on the particular plan, your health insurance company may pay certain costs even before you meet the deductible. For example, many plans cover preventive services, including regular check-ups and required vaccines, with no deductible. Some plans also cover medications before you meet the deductible.
How Insurance Reduces Prices
Even if you don't meet the deductible, you can save money on services that are subject to it. Insurers typically negotiate lower prices, so you'll save half off the regular price on average compared to someone without insurance, according to the HealthCare.gov website.
For example, you may have a $1,500 deductible and receive a service normally costing $1,000. Your insurance company won't pay if you haven't met the deductible. However, if it negotiates a cost of $500, you'll save $500, even if that amount comes out of pocket.