deductible

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Related to deductibles: Co-Pays

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 ?
Answer: The property deductible of $1,000 would apply to the property perils, and the waiting period of 72 hours would apply to the business income and extra expense coverages.
ObamaCare has both failed to curb insurance premiums and contributed significantly toward deductibles that often make care too expensive even for the insured.
Even the Robert Wood Johnson Foundation analysts have had trouble summarizing how plans handle deductibles in a clear, easy to analyze fashion.
By comparison, the average general annual deductible for single coverage among workers enrolled in an employer-based health plan was $1,217 in 2014.
7 to the Use of Hurricane Deductibles In Connection With Humcane Irene," http://www.
Taking the long route, the answer is found by first looking at the CP 00 10's deductible section.
Request deductibles or a down payment prior to elective procedure
van Praag, 1981, The Demand for Deductibles in Private Health Insurance: A Probit Model with Sample Selection, Journal of Econometrics, 17: 229-252.
Thus, H may contribute up to $5,000 to an HSA (the lesser of the family HDHP deductible or $5,250).
Typically, despite the damage to the building and its contents and the potential interruption of business, the total loss doesn't exceed the deductible on the company's property insurance policy (which may be as high as $500,000 or more).
After a high deductible has been met (usually $25,000 to $50,000), this product usually provides 100% coverage.
Clinton doesn't want you to know that high deductibles would solve the problem because his plan makes any deductible higher than $400 per family illegal.