Deductible

Deductible

The deductible is the amount an individual must pay for health care expenses before insurance (or a self-insured company) covers the costs. Often, insurance plans are based on yearly deductible amounts.

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Part of Speech: noun
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Industry/Domain: Insurance
Category: Health insurance
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Related terms

deduction

Philosophy; General philosophy

A presumably valid argument in which the argument proceeds from premises to conclusion in such a way that if the premisses are true, the conclusion absolutely must be true. An ...

deduction

Mathematics; Calculus

The use of general rules or principles to draw a conclusion or make a calculation.

deduction

Outsourcing & offshoring; Business process outsourcing (BPO)

A gross-to-net element amount which is subtracted from gross earnings. This amount does not reduce the Federal Income Tax subject gross.

deductive

Outsourcing & offshoring; Business process outsourcing (BPO)

That which is deducted without reducing the Federal Income Tax subject gross.

deduction

Accounting; Payroll

An amount subtracted from an employee’s gross pay to reach net pay, or an amount allowed to taxpayers as an offset against income (pre-tax deduction).

deduction

Archaeology; Human evolution

A process of reasoning by which more specific consequences are inferred by rigorous argument from more general propositions.

health insurance

Insurance; Health insurance

Insurance on health, thus one can be compensated after a car accident and get his/her amount of installments on health insurance with interest.

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Medical; Health insurance

an increase in the total cell mass of the blood

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Medical; Health insurance

any injury, disease, or disability that may have occurred at some time in the past and may predispose an individual to limited health in the future.

premium

Medical; Health insurance

the amount charged by a dental benefits organization for coverage of a level of benefits for a specified time

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Medical; Health insurance

Surgery to remodel, repair, or restore body parts, especially by the transfer of tissue.

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Medical; Health insurance

peech Therapy focuses on receptive language, or the ability to understand words spoken to you, and expressive language, or the ability to use words to express yourself. It also ...

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