deductible

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Related to deductibles: Co-Pays

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 ?
Applicable deductible, per the Property Declarations page, is $1,000.
The ACA bears much responsibility for the high deductibles.
Analysts found that, in the 10 states they studied, only 28 percent of the silver exchange plans require patients to meet their deductibles before getting coverage for primary care provider office visits.
The Kaiser Family Foundation analysis finds that most families don't have enough assets to cover a mid-to higher-range deductible in a private health insurance plan.
In summary, the most important advice to help you overcome the challenges of applying deductibles is to pay close attention to the wording of the deductible and coinsurance provisions in the particular policy.
The FC&S staff has received many questions about the proper way to apply a deductible.
But employees accustomed to thinking a doctor's visit costs a $15 co-payment are in for sticker shock once they start writing checks for deductibles.
The study results mentioned in the "Cost Reduction Because of Decreased Moral Hazard" section can be influenced by the context in which deductibles are arranged.
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.
1, 2004, to individuals covered by qualified health plans that have a deductible higher than $1,000 for individuals and $2,000 for families.
The goal is to recoup the insurance payments, plus the policyholder's deductible.