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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The contribution limit for an individual eligible for calendar-year 2005, is the lesser of (1) the HDHP annual deductible (minimum of $1,000 for self-only coverage and $2,000 for family coverage) or (2) $2,650 for self-only coverage and $5,250 for family coverage (Rev.
In Situation 2, A is covered by an HDHP, a health FSA and an HRA that pay or reimburse medical expenses incurred before A satisfies the minimum annual deductible under Sec.
Contributions made in excess of the annual deductible amount that are withdrawn before the return due date will not be subject to the excise tax.
412(i) plan with a 4% guaranteed rate, it can make annual deductible contributions of $80,000.
MCCA also phases in coverage (generally beginning in 1991) for prescription drugs, subject to an annual deductible ($600 in 1991) and copayments (50% in 1990 and 1991, 40% in 1992, and 20% thereafter), and places a cap on charges for Part B Medicare benefits (which covers physician and medical equipment costs) so that beneficiaries will have to pay an annual deductible of $75 and coinsurance payments of 20% of the Medicare "reasonable" charges up to an indexed amount ($1,295 in 1990).
More than half of companies with fewer than 200 employees offered insurance with an annual deductible of $1,000 or greater this year for single coverage, according to the Kaiser survey, up from 16 percent in 2006.
Instead, it wants to cover employees through a plan that includes an annual deductible for major medical expenses, although the district has offered to set up a "health reserve account" for each employee to help pay for out-of-pocket medical costs.
But draft summaries indicate beneficiaries would pay about $35 a month and have a $250 annual deductible.
High-deductible family plans require an annual deductible of at least $3,000, not exceeding $4,500, with a maximum out-of-pocket cost of $5,500; for individual coverage, an annual deductible of at least $1,500, not exceeding $2,250, with a maximum annual out-of-pocket cost of
House version: Senior citizens would pay a $250 annual deductible and monthly premiums of about $35 ($420 a year).
The plan would also have seniors pay a monthly insurance premium (to be determined by the Department of Health and Human Services, or HHS) and calls for an annual deductible of $250 -- half of the deductible other bills would require.
404 limits the amount of annual deductible contributions.

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