An individual health insurance deductible is:

Coinsurance is the percentage of costs that an insured individual is required to pay after they have met their deductible. Unlike a deductible, which is a fixed amount that must be paid before insurance kicks in, coinsurance is a shared cost based on the total expense of medical services.

A payor factor generally refers to a term used in healthcare finance to describe how different payors (like insurance companies) reimburse hospitals for services rendered. This does not relate to the concept of an individual deductible but rather concerns the overall payment structure between healthcare providers and insurers.

This choice describes a premium, which is the regular payment made to an insurance company for coverage. While premiums are essential for maintaining insurance, they are distinct from deductibles, which are the amounts that must be paid out-of-pocket before coverage begins.