deductible

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Related to deductibility: ductile

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 ?
The Legislative Revenue Office estimates that eliminating the cap on deductibility would reduce general-fund revenues by $1.
Many banks include such language whenever any mortgage loan product is advertised, whether or not the issues of LTV or tax deductibility are mentioned.
The Tax Deductibility of Premiums Paid to Captive Insurers: A Risk Reduction Approach
If your survey indicates a problem with deductibility, you need to take some action.
Ultimately, TRA86 eliminated deductibility of only state and local general sales taxes.
Officials at the group confirmed last week that they plan to consider pressing Congress or the IRS to settle the PMI deductibility question in a way that improves housing affordability.
Beyond the overriding rules, special rules apply to the deductibility of expenses from attending meetings abroad, including in the Caribbean.
The IRS did not challenge the deductibility of premiums based on the economic family theory; it challenged the captive on the basis that Eastland was a sham corporation.
MI tax deductibility is not really a lost cause; it's an idea that just needs a few lucky breaks to find its way to the president's desk.
Camp has also been active in support of the tax deductibility of long-term care insurance, Medicare payment for dialysis service, the House prescription drug task force and many other proposals to help the elderly and disabled we serve.
Absent a specific ruling on the deductibility of laser eye surgery, all of the evidence, including the definition of medical care costs and the letter ruling, would lead CPAs to believe the costs are indeed deductible.
He also serves on the board of the Wetlands America Trust, the non-profit arm of Ducks Unlimited, where he's now involved in a lobbying dispute with Congress over the deductibility of easements granted to the trust for wetlands.