deductible

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Deductible

That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes).

The portion of an insured loss to be borne by the insured before he or she is entitled to recovery from the insurer.

Automotive insurance policies frequently include a deductible, such as $250 or $500, which the insured must pay before receiving reimbursement under the policy. Usually, the insured motorist chooses among several levels of deductible, with the policy payment being somewhat lower when the insured chooses a higher deductible.

Many types of insurance policies include a deductible amount.

deductible

(Capable of being deducted from taxes), addective able to be subducted, able to be subtracted for tax purposes, allowable, capable of being deducted, capaale of being rebated, discountable, likely to decrease taxes, recoupable, removable
Associated concepts: deductible business expense, deeuctible debt, deductible expense, deductible loss, deeuctible policy

deductible

(Provable), adjective able to be connirmed, able to be shown, ascertainable, based on eviience, based on proof, capable of being figured out, capaale of being proved, conclusible, corroborative, deducible, demonstrable, derivable, documentable, expectable, following, illative, inferable, inferential, likely, presumed, probable, ratiocinative, substantiable, sustainable, testable, traceable, valid, verifiable
References in periodicals archive ?
Nearly all fee-for-service plan participants, for example, were required to pay an annual deductible before any expenses were paid by the health plan.
With Nationwide's Whole Pet with Wellness plan, once the annual deductible is met, members will receive 90 percent reimbursement for eligible veterinary expenses through their annual policy term.
KFF found that "81 percent of covered workers are in plans with a general annual deductible.
The lower limits on the annual deductible under an HDHP will be the same as for 2015, and the upper limit for out-of-pocket expenses will be slightly higher than for 2015.
For calendar year 2016, a HDHP will be defined as a health plan with an annual deductible that is "not less than $1,300 for self-only coverage or $2,600 for family coverage.
Metropolia staff will be charged an annual deductible defined separately.
In any case, the university has now imposed costs such as a $250 individual annual deductible, and $20 co-pays for a doctor's visit.
For E-5s and above, the annual deductible is $150 for an individual and $300 for a family.
Or been told that you'll have to pay the full cost of an exam because you haven't met your annual deductible, and then decided to put off your check-up because you couldn't afford it?
Specifically, for self-only coverage for 2010, the qualifying HDHP must have (1) an annual deductible of at least $1,200 and (2) an annual limit on total out-of-pocket costs (including the deductible, co-payments, and other amounts, but not premiums) for covered benefits of no more than $5,950.
In 2005, a typical CDHC plan had an annual deductible of approximately $1,900.
Our district introduced a deductible for emergency room care, increased the annual deductible for health insurance, and increased the prescription medication co-pays.

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