What you must pay before the insurance company pays?
This amount is called a deductible. Remember, plans vary in what they pay. No plan will pay 100 percent of your medical expenses, but some plans will pay more than others. Deductibles are the amount of the covered expenses you must pay each year before your plan starts to reimburse you.
Deductible – An amount you could owe during a coverage period (usually one year) for covered health care services before your plan begins to pay.
Deductible. The amount of the loss that you must pay before your insurance company pays anything. Only comprehensive and collision coverage have deductibles.
Simply put, a deductible is the amount of money that the insured person must pay before their insurance policy starts paying for covered expenses.
Coinsurance is the amount of medical expense that the insured must pay before the insurance carrier begins paying benefits.
Deductible: The amount you must pay out of your own pocket before your insurance company will start paying for services. (Example: If you have a $500 deductible per year, and each doctor's visit costs you $100, your insurance may not kick in until you've been to the doctor five times.)
The deductible is the amount that an insured person will pay before the insurance company pays. Generally speaking, the higher the amount of the deductible, the lower the premium for a specific amount of insurance.
Deductible. The portion of covered charges that an insured must pay before the insurance company will consider payment and before coinsurance goes into effect. Usually, the deductible amount ($100, $250 or more) is based on a calendar year; yet, it can also be a per-occurrence or per-admission charge.
Deductible: A fixed dollar amount the policy holder must pay before the health insurance company starts to make payments for services or medications covered by the plan. Some insurance plans have both individual and family deductibles.
The deductible is the amount of money you have to pay on your own every year for your covered medical expenses before your insurance company starts picking up the bills. The out-of-pocket limit is the maximum amount of your own money you will have to pay for all of your insured healthcare during the year.
What is the amount of money that you pay to your insurance company to keep your policy active maintain coverage?
An insurance premium is the amount you pay each month (or each year) to keep your insurance policy active. Your premium amount is determined by many factors, including risk, coverage amount and more – depending on the type of insurance you have.
Your premium is the payment you make to your health insurance company that keeps your coverage active. Other more obvious health insurance costs include deductibles, coinsurance and copayments. You may already be familiar with some of these terms.
A down payment is the money required to start your auto insurance policy — technically your payment for your first month, six months or year of insurance coverage. Once you make that initial payment, you're covered under the policy you purchased.
The initial amount refers to the starting quantity or value before any changes occur within a given system or process.
An insurance premium is the amount of money an individual or business must pay for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance.
What is my deductible? (The deductible is the portion of the loss you pay before your insurance company begins to pay.)
A deductible is what you pay for healthcare services before your health insurance plan begins paying for care. The out-of-pocket maximum is the most you can pay for in-network care during a year. These two factors influence how much you pay for health insurance and how much your health plan pays for your bills.
A car insurance deductible is how much money you'll pay out of pocket for damages to your vehicle before your insurance kicks in. You'll pick this deductible amount when buying your insurance.
Deductible - The portion of a loss considered the responsibility of the insured before an insurer becomes liable for payment. The deductible is usually a stated dollar amount of the loss.
Also known as your coverage amount, your insurance limit is the maximum amount your insurer may pay out for a claim, as stated in your policy. Most insurance policies, including home and auto insurance, have different types of coverages with separate coverage limits.
Is the amount of loss the policyholder must pay?
Deductible – An amount that a policyholder agrees to pay towards a covered loss, often as reimbursem*nt to the insurer at the time the settlement or judgment is paid. Deductibles are included in, and thus may erode, the limit of liability.
Deductible - The amount you pay before your insurance company covers any costs. For example, if your deductible is $1,000, your plan will not pay anything (except services that are exempt from the deductible such as preventive care) until you have met your $1,000 deductible.
Deductible – An amount you could owe during a coverage period (usually one year) for covered health care services before your plan begins to pay. An overall deductible applies to all or almost all covered items and services.
The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself. A fixed amount ($20, for example) you pay for a covered health care service after you've paid your deductible.
Employers typically pay a percentage of their employees' health insurance premiums, with the average contribution being 83% for self-only plans and 73% for family plans. Small employers may cover more of their employees' premiums than larger businesses.
