deductible
Pay-first insurance amount
Deductible describes expenses or losses that can be subtracted from taxable income: mortgage interest is tax-deductible, charitable donations are deductible.
In insurance, a deductible is the amount you pay before coverage kicks in: My health insurance has a $500 deductible.
Higher deductibles usually mean lower premiums.
Added cost for better
- coverageExtent of inclusion
- policyAdopted principle of action
- claimStatement of ownership or truth
- copayPatient's set contribution
coinsurance · out-of-pocket · maximum · threshold · limit · plan · beneficiary · insurer
Recorded value reduction
- itemizeList by particulars
- exemptionRelease from requirement
- deductionsConclusions from reasoning
- charitableGiving to those needing
donations · credits · adjustments · contributions · standard · filing · 1040 · expenses
Forceful contact between objects
- comprehensiveIncluding all elements
- liabilityLegal or financial obligation
- claimStatement of ownership or truth
- premiumAdded cost for better
at-fault · accident · damage · repair · body shop · windshield · theft · vandalism
Patient's fixed healthcare charge
- coinsurancePercentage you owe
- out-of-pocket maximumAnnual spending limit on coverage
- premiumAdded cost for better
- MedicareFederal senior health program
Medicaid · HMO · PPO · EPO · prescription · pharmacy · provider · network
Conclusion reached through reasoning
- premiseFoundation for logical argument
- conclusionEnd or deduction
- reasoningDrawing logical conclusions
- syllogismFormal deductive argument structure
derivable · corollary · axiom · theorem · proof · logical · consequent · entailment
premium
Added cost for better
copay · coinsurance · out-of-pocket · maximum · threshold · limit · plan · beneficiary · insurer · policyholder
write-off
Recorded value reduction
- itemizeList by particulars
- exemptionRelease from requirement
- deductionsConclusions from reasoning
charitable · donations · credits · adjustments · contributions · standard · filing · 1040 · expenses · mortgage interest
collision
Forceful contact between objects
- comprehensiveIncluding all elements
- liabilityLegal or financial obligation
- claimStatement of ownership or truth
premium · at-fault · accident · damage · repair · body shop · windshield · theft · vandalism · rental car
copayment
Patient's fixed healthcare charge
- coinsurancePercentage you owe
- out-of-pocket maximumAnnual spending limit on coverage
- premiumAdded cost for better
Medicare · Medicaid · HMO · PPO · EPO · prescription · pharmacy · provider · network · plan
inference
Conclusion reached through reasoning
- premiseFoundation for logical argument
- conclusionEnd or deduction
- reasoningDrawing logical conclusions
syllogism · derivable · corollary · axiom · theorem · proof · logical · consequent · entailment · implication
- auto insuranceauto insurance, car insurance, vehicle insurance, collision coverage, liability coverage
- fire insurancefire risk, fire damage, fire protection, fire inspections, fire hazards
- healthcare coveragehealth card, hospital coverage, prescription coverage, dental coverage, universal coverage
- insurance costspremium, monthly premium, annual premium, health premium, copay
- pet insurancepet insurance, accident coverage, wellness plan, wellness plans, coverage
- property insurancehome insurance, renters insurance, building insurance, fire insurance, flood insurance
deductiblenondeductible
Cannot reduce taxable income
taxable · disallowed · personal expense · ineligible · after-tax
deductiblepremium
Added cost for better
copay · coinsurance · full coverage · co-payment · out-of-pocket maximum
deductibleindemonstrable
Cannot be demonstrated
axiomatic · unprovable · assumed · postulated · irreducible
- deductible expensesCosts subtracted from taxable income
- high deductibleSteep initial self-payment
- deductible costsExpenses subtractable from income