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.

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.
References in periodicals archive ?
Under the HO 00 03 10 00, with mold endorsement HO 04 05 12 02, I believe the mold coverage would extend up to $10,000 and absorb the deductible in the uninsured portion of the mold loss.
A 401(k) and a deductible IRA effectively receive the same tax treatment--so which should a client choose?
Adding up payroll deductions for premiums of both plans, plus co-payments, deductibles and tax advantages, he computed saving about $700 annually.
Considering the large number of assumptions underlying the choice of taking a deductible, the importance of this study lies in the overall conclusions rather than specific tables and figures.
Question: Business Income Coverage Form, CP 00 30, does not contain a deductible clause.
The creators of the SBC and the brochure seem to assume, as a given, that consumers all understand that, if the deductible is not mentioned in a description of out-of-pocket costs, then the deductible does not apply.
Among low-and moderate-income households, even fewer are able to meet deductibles.
If MEI's policy includes the ISO Deductible provision, the insurer will pay $1,000,000.
Homeowners in hurricane zones, especially in the current recession, "are challenged with enormous financial burdens and don't have that kind of money around" to pay a deductible, Gregg said.
The organization surveyed 4,000 adults with insurance and found 49% of those with high-deductible plans have problems with medical bills or debts, compared with 31% of those who have health plans with lower deductibles.
A traditional family policy with a deductible of $500 per person ($1,000 family) costs $8,460 per year.
1, 1999, all dividends received from noninsurance corporations are deductible, subject to the ownership limitations of Sec.