Deductible can be considered as an initial fee paid by the insured before the insurance covers for the medical expenses. This is a fixed amount to be shell out once for the first medical treatment. For any medical treatments thereafter no deductible has to be paid. Deductible amount may range from $0 to $2,000 in different international insurance plans.
“More the deductible amount promised to be paid by the insured less the premium for the particular insurance plan option”