deductible


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Related to deductible: Tax deductible

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 ?
ObamaCare has both failed to curb insurance premiums and contributed significantly toward deductibles that often make care too expensive even for the insured.
With Elephant's Diminishing Deductible, customers may save up to $500 on their collision deductible.
The Hartford notes that you have to start anew--your original deductible is reinstated and you have to establish a clean record again to qualify for reductions.
The research is important as many employers are turning to high deductible health plans to combat their own expenses providing health coverage for employees.
By contrast, costs that individuals are incapable of incurring, like "fees paid to trustees, expenses associated with judicial accountings, and the costs of preparing and filing fiduciary income tax returns," are fully deductible (Scott, 328 F3d at 140).
If the client's expected tax rate will be lower in retirement, though, it's better to invest in a 401(k) or a deductible IRA to the extent eligible instead of a Roth IRA.
Some plans allow preventive services before the patient deductible kicks in.
3d 1, held that expenses allocated to earning dividend income deductible under Sec.
Most people don't like the idea of high-deductible health insurance because they pay their own medical bills until they meet the deductible.
However, the interest on this loan is only deductible under IRC 163 to the extent of $250,000, consisting of replacement of the existing loan of $150,000 and the addition of an equity line add-on of $100,000.
After an initial deductible of $736--roughly equal to the cost of one day in the hospital--Part A picks up all hospitalization costs for the next 60 days.
After a high deductible has been met (usually $25,000 to $50,000), this product usually provides 100% coverage.