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 ?
Deductible amounts for CDHPs have been rising since 2003, according to the survey.
The form says, "Subject to the policy limits that apply, we will pay only that part of the total of all loss payable under Section I that exceeds the deductible amount shown in the declarations.
Federal participation in terrorism losses--The Act provides that once an insurer pays losses resulting from acts of terrorism in any calendar year that exceed a deductible amount based on the insurer's direct earned premiums, the federal government will reimburse the insurance company at 90 percent above that deductible in that year.
Because the book basis is less than the tax basis, a $300,000 future deductible amount was created.
The tripartite agreement calls for extending the break further until the end of 2003, while reducing the maximum deductible amount to 5 million yen over 10 years.
The Democrats plan for prescription drugs is guaranteed for Medicare recipients, with a lower deductible amount and more affordable drugs than the Republican plan.
Your deductible amount is listed on the insurance policy Declarations page.
The group even recommends the increase of income tax deductible amount for purchase of personal computers (PCs) and laptops for personal use to RM4,000, from RM3,000 currently.
You will have to pay your deductible amount, so it's prudent to assess the repair costs -- if you have just a few dents, the cost to fix your car will not exceed your deductible.
The IRS recently issued temporary regulations that explain how to properly determine the deductible amount of mortgage insurance premiums (T.