Answer: The
deductibles section of the policy refers to the monetary
deductible amount that the insured agrees to pay in the event of a covered loss.
The ACA bears much responsibility for the high
deductibles.
But the SBC does not say whether the patient has to satisfy the
deductible before being able to get in-network sick care, or if the patient has to pay the $2,500
deductible first, and then can get sick care visits for a $25 co-payment.
For example, just a third of lower-income families have sufficient liquid financial assets to cover a $1,200
deductible for an individual or a $2,400
deductible for a family, and 20 percent have enough to cover an annual
deductible of $2,500 for an individual or $5,000 for a family.
The fictitious case that follows illustrates an issue that can arise when the amount of loss to covered property exceeds the limit of insurance: Does the
deductible apply before, or after, application of the limit?
T argues that the statute sets forth a "but for" causal test: if the cost would not have been incurred without the trustee, then it is attributable to the trustee's performance of its fiduciary duty and is thus fully
deductible under Sec.
Taking the long route, the answer is found by first looking at the CP 00 10's
deductible section.
In general, for clients who expect their marginal tax rate in retirement to remain the same as it is currently, a 401(k) or a
deductible IRA is equivalent to a Roth IRA.
Consumers can only have an HSA with an accompanying high
deductible plan.
This holds true both in the case without a voluntary
deductible and in the case with a voluntary
deductible.
At the same time, money saved in an HSA can only be used for health care costs including
deductibles, diagnostic services covered by your plan, long-term care insurance premiums, LASIK surgery and some nursing services.
Also, encourage your employees to think of a HDHP like homeowner's or renter's insurance, with its high
deductible.
