Which of the following is the best definition of the term “annual health insurance deductible?

An Annual health insurance deductible is the fixed amount of money that an insured individual must pay out of their own pocket for covered healthcare services and expenses before their insurance plan starts to contribute and cover a portion of the costs. Once the deductible is met, the insurance company typically begins to share the financial responsibility for eligible medical expenses, with the insured individual responsible for coinsurance or copayments, depending on the terms of the policy.”