An aggregate deductible is a limit deductible that a policyholder would be required to pay on claims during a given period of time, usually a year. It is often used in family health insurance policies, where the entire family deductible must be paid out of pocket before the company pays for services for one family member. Here are some key points to understand about aggregate deductibles in health insurance:

• An aggregate deductible means that the entire family deductible must be paid out of pocket before the company pays for services for one family member.
• With an aggregate deductible, there is no embedded deductible for each individual family member to meet.
• Aggregate deductibles are often part of product liability policies or family health insurance policies, and any other policies that might result in a large number of claims during a specific period.
• The deductible is usually higher than a per-claim deductible.
• An annual aggregate deductible places a limit on the amount you (the policyholder) pay before the insurance company covers the rest of the loss.
• An aggregate deductible isn’t always a good idea, but it can save you a lot of money if you carry a high risk of claims each year.

In summary, an aggregate deductible is a limit deductible that applies to the entire family, and it must be paid out of pocket before the insurance company pays for services for any family member. It is often used in family health insurance policies and other policies that might result in a large number of claims during a specific period.