deductible


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Related to deductible: Tax deductible

deductible

On a building project, a type of insurance policy stipulating that in the event of loss, the insured is liable for a specified initial amount and the insurance company is liable for the amount above that figure, up to the insured amount.
References in periodicals archive ?
Diminishing Deductible is now available to prospective customers, as well as all current customers at the time of their policy renewal.
Nationwide says customers revert to the original $100 off the deductible if they have an accident or violation.
Since that year, the average deductible has increased 47 percent to $1,217, researchers said.
A trust's investment advice fees are deductible only to the extent that they exceed 2% of the trust's AGI, because Sec.
The client would pay $3,326 tax on the $8,316 distribution from the 401(k) or deductible IRA, leaving $4,990--less than the $5,821 from the Roth IRA.
6 Collect deductible before patient leaves office via automatic debiting, credit card, cash or check.
Since the mortgage is for the original acquisition of the new property, the full amount of the interest is deductible.
In turn, after they've exceeded a low annual deductible of $100, Medicare covers 80 percent of their everyday medical bills.
Because you are not covered by the "catastrophic" insurance until your condition has been declared catastrophic, the deductible does not have to be measured by the amount that you have paid out of pocket.
The researchers concluded that a catastrophic insurance plan--a plan in which patients pay a high deductible and then the insurance pays all costs in excess of the deductible-would reduce expenditures by about 31 percent relative to a plan in which people paid nothing out of pocket.
The Aetna HealthFund HRA, which includes elements of traditional health coverage, has four major components - the fund, the deductible, the underlying PPO or point-of-service health plan, and a broad suite of tools and information that support members in their new role as health care consumers.