deductible (redirected from deductibility)

deductible

[dēduk′tibəl]

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

---

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

(diduk´tbl),
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.