| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,507,634,687 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Deductible |
Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia | 0.01 sec. |
|
Deductible An amount or period which must be deducted before an insurance payout or settlement is calculated. Deductible. A deductible is the dollar amount you must pay for healthcare, damage to your property, or any other insurable claim before your insurance company begins to cover the cost of the bill. For example, if you have a health insurance policy with an annual $300 deductible, you have to spend $300 of your own money before your insurer will pay whatever portion of the rest of the year's bills it has agreed to cover. However, in some types of policies, the deductible is per event, not per year. Generally speaking, the higher the deductible you agree to pay, the lower your insurance premiums tend to be. However, the deductible for certain coverage is fixed by the insurance provider. That's the case with Original Medicare. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
The Kaiser Family Foundation found that 28 percent of covered workers are in a plan with a deductible amount between $1,100 and $1,499, and 54 percent are in a plan with a deductible of $2,000 or more. You have an option of deductible amount to choose from which drives the cost of the monthly premium. 5% of AGI, or $2,500 + $2,300 - $7,500 = no deductible amount. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|