deductible

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payment

 [pa´ment]
remuneration in exchange for goods or services.
prospective payment payment to a health care facility at a predetermined rate for treatment regardless of the cost of care for a specific individual patient.
third party payment payment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called also third party reimbursement.

deductible

[dēduk′tibəl]
an amount paid each year by a health insurance plan enrollee before benefits begin. It is not synonymous with copayment.

de·duc·ti·ble

(dĕ-dŭk'ti-bĕl)
The amount for which the insured is responsible before the health care plan pays; amount usually set on an annual basis.
Synonym(s): annual deductible.

de·duc·ti·ble

(dĕ-dŭk'ti-bĕl)
The amount for which the insured is responsible before the health care plan pays; amount usually set on an annual basis.
Synonym(s): annual deductible.

deductible

(diduk´təbəl),
n 1. a stipulated sum the covered person must pay toward the cost of dental treatment before the benefits of the program go into effect. The deductible may be annual or payable only once and may vary in amount from program to program.
n 2. the amount of dental expense for which the beneficiary is responsible before a third party will assume any liability for payment of benefits. Deductible may be an annual or one-time charge and may vary in amount from program to program. See also family deductible.
deductible amount,
n the portion of dental care expense the insured must pay before the plan's benefits begin.
deductible clause,
n a provision in an insurance contract stipulating that the insurer will pay only that amount that is in excess of a specified amount.
References in periodicals archive ?
In this scenario, the annual deductible accounted for a small portion of charges.
The plan offers a choice of two annual deductibles - $100 and $250.
Higher deductibles for out-of-network services do not count toward the annual deductible limit, and out-of-pocket costs for out-of-network services are not counted toward the HDHP's annual cap.
By federal law, the policy must have a minimum annual deductible of $1,050 for individuals and $2,100 for families.
Under the standard benefit for 2008, participants will have to pay a premium between $20-40 a month (each plan varies) with an annual deductible of $250 before coverage kicks in.
1, a $50 annual deductible for the prescription plan was added for individuals and $100 for families.
A HDHP may not have an annual deductible of less than $1,000 per year for individuals or $2,000 for families.
However, beneficiaries who use Part A covered services (inpatient hospital, skilled nursing facilities) must share the cost through an annual deductible and daily copayments.
Employees can visit a doctor three times for preventative care before a $1,000 annual deductible kicks in.
A small bank in Indiana, Bank of Geneva, recently bumped up its annual deductible to $2,500 from $500, then gave employees a chance to win back the increase: $500 each for low blood pressure, low cholesterol, non-obese body-mass index, and nonsmoking status.
Before setting up an HSA, consumers must have a health insurance policy with an annual deductible of at least $1,000 for an individual and $2,000 for a family.

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