WEBnoun. plural deductibles. : the amount of financial loss specified in an insurance policy that the insurer will not be held responsible for and that the insurance holder must pay. The deductible on your insurance is the amount of money on an insurance claim you would pay before the insurance company pays.
WEBBack to glossary. Deductible. The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself. After you pay your deductible, you usually pay only a. copayment. or. coinsurance. for covered services.
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What Does Tax Deductible Mean, and What Are Common …
WEBApr 9, 2024 · Fact checked by. Vikki Velasquez. What Is a Tax Deductible? A tax deductible is an expense that an individual taxpayer or a business can subtract from adjusted …
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What is a health insurance deductible? | healthinsurance.org
WEBA health insurance deductible is the amount a consumer has to pay for covered services or medications before their insurance plan starts to pay. A deductible is a component of cost sharing. Covered medical expenses are added to or accumulated toward a deductible over the course of a year and then start over the next year.
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DEDUCTIBLE | English meaning - Cambridge Dictionary
WEBan amount of money that is taken away from an employee's pay before they receive it. US (UK excess) a part of the cost of an accident, injury, etc., that you agree to pay when …
WEBMar 9, 2023 · An insurance deductible is what you pay for health, auto, homeowners and other types of insurance claims before your coverage kicks in.
WEBOct 18, 2022 · Photo: kokouu / Getty Images. Definition. Sources. An insurance deductible is the amount you pay an insurance claim before the insurance coverage kicks in. Learn the basics of deductibles.
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DEDUCTIBLE | definition in the Cambridge English Dictionary
WEBan amount of money that is taken away from an employee's pay before they receive it. US (UK excess) a part of the cost of an accident, injury, etc., that you agree to pay when …
WEBJan 12, 2022 · An insurance deductible is the amount taken out of an insurance check when you make certain types of claims. You may hear the phrase that coverage begins “after you... definition
WEBnoun. the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment: The deductible on our medical coverage has …