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 ?
However, if the net deductible amounts exceed actual income and/or net taxable differences, this excess is not recognized as a deferred tax benefit.
Statement 96 allows recognition of a deferred tax asset only if the future deductible amount could be used through carryback provisions to offset either taxes already paid, taxes of the current period, or a deferred tax liability classified as current.
We assume the insurer to equate the premium rebate of risk group j (for year 1) with the average expected health cost up to the deductible amount [[bar.
We found no significant patterns in mammography completion by whether coverage for care is restricted to a network, use of cost containment, copayment and deductible amount for a doctor visit, coinsurance rate, and extent of the plan's benefit package.
Deductible amounts for CDHPs have been rising since 2003, according to the survey.
The IRS recently issued temporary regulations that explain how to properly determine the deductible amount of mortgage insurance premiums (T.
In the same vein, the revised draft also cut the ceiling of burial payment for policies insuring insane or mentally handicapped persons to half the level of the deductible amount for burial cost for inheritance tax, or NT$555,000 at the current level, except cases covered by other laws, such as student insurance program.
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.
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.
For example, if someone can afford to pay $500 when a claim occurs, they may want to select this as their deductible amount in order to lower their insurance premiums.