What does it mean when you’ve a deductible- Health Insurance****?

What does it mean when you’ve a 5,000 deductible? does that mean that i order for my insurance to pay I have to first pay 5,000 out of pocket?
If so, what’s the point of the Insurance, I'd be paying over $200 a month, as well as paying for all my physician visits until reach 5,000 THEN my insurance kicks in?

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Answer:
You pay that $5000 deductible out of your pocket, then the insurance kicks in. That high a deductible is meant to save you much higher premiums each month, but will help you in case of a major accident or illness that could cost you hundreds of thousands of dollars. One chemotherapy treatment can run about $25,000 dollars not including the hospital and doctor's bill. This type of health insurance with the high deductible is usually called catastrophic health insurance.

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Answer:
that's what it sounds like. But it's also the maximum you'd have to pay for the year. So, state you had to have surgery, that surgery would cost twice the deductible or more.

Sounds like a pretty crappy insurance to me though. I pay copayments for the physician and for my prescriptions ($20 & $15 respectively) up to a maximum of so much per year. So I consider THAT my deductible.