A deductible is the amount you pay for covered health care services before your insurance plan starts to pay. For example, with a $1,500 deductible you pay the first $1,500 of covered services yourself. After the deductible has been reached, you usually only pay a copayment or coinsurance for covered services — your insurance company will pay the rest. It’s also important to note that many plans will pay for services such as checkups and preventative benefits before the deductible has been met. Family plans might have both an individual deductible, which applies to each person, along with a family deductible, which applies to all family members. Note that some plans also have separate deductibles for prescription drugs. Check with your plan for specific details about your deductible amounts.