What is a Deductible?
This is the amount that you pay for covered health care services before your insurance plan starts to pay. If you have opted for a S$5,000 deductible, you have to pay the first S$5,000 of covered services yourself if the service goes over the S$5,000 limit then the insurance company pays the remainder. On Insurance Market, you can select the amount of Deductible. Do take note that the amounts change per insurance company.
If you also have opted for co-insurance, then you pay after your deductible the percentage co-insurance for the covered services.