| deductibles and coinsurance | Cost-sharing mechanisms that provide for payment by the insured of some portion of covered expenses. Deductibles are the amounts paid by the insured under a health insurance contract before benefits become payable; coinsurance is the provision under which the insured pays part of the medical bill, usually according to a fixed percentage, when benefits become payable. (12 Dec 1998) |
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Synonyms : Coinsurance and Deductibles, Deductibles
| deductible |
(taxes) an amount that can be deducted (especially for the purposes of calculating income tax) a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount acceptable as a deduction (especially as a tax deduction)
Ãâó: wordnet.princeton.edu/perl/webwn
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| deductible |
The amount of money, or value of certain services (such as one physician visit), a patient or family must pay before costs (or percentages of costs) are covered by the health plan or insurance company, usually per year. Diagnostic related groups (DRGs)- A system for classifying hospital stays according to the diagnosis of the medical problem being treated, for the purposes of payment. ...
Ãâó: www.pbs.org/healthcarecrisis/glossary.htm
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| deductible |
The portion or amount specified in the applicable group enrollment agreement and disclosed in the applicable Combined Evidence of Coverage Disclosure Form. Members are required to pay this amount, either in the aggregate or for a particular type or category of covered service, before the insurer (payor) has any financial responsibility for the provision of such covered services. ...
Ãâó: www.payorid.com/glossary.asp
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| deductible |
The portion of an insured loss to be borne by the insured before he is entitled to recovery from the insurer.
Ãâó: www.nv-insurance.com/GlossaryD.htm
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| deductible |
The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable. You may choose a higher deductible to lower your premium.
Ãâó: www.state.nj.us/dobi/om_gloss.htm
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| deductible | a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount |
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| deductible | an amount that can be deducted (especially for the purposes of calculating income tax) |
| deductible | acceptable as a deduction (especially as a tax deduction) |
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