0
"After deductible" means you will not get coverage or certain benefits until a deductible has been met. Insurance policies often have more than one deductible. For example, you may have a $1,000 per year deductible for certain medical expenses, and another deductible for prescription drugs. If your prescription drug deductible is $500 per year, you will have to pay out of pocket the first $500 of drug cots before your plan will kick. Many plans have complicated formulas for how deductibles are applied and how they are met so there is no one answer. But "after deductible" always means that the person with the insurance policy will have to pay something first, before getting reduced-cost, free, or co-pay services and drugs. Source: Women in Business (http://www.womeninbusiness.about.com)
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
A higher deductible will usually mean a lower premium?
yes a higher deductible means a lower premium.
Are agent fees tax deductible?
You mean like a Hollywood talent agent? That would be deductible if you were in show business. If you mean like an insurance agent, that would not be deductible unless it was necessary to help you buy insurance for your business.
What is deductible in medical billing?
deductible mean patient should pay pearticular amount to the provider, before provider start treting the patient.
What is the correct spelling of deductible or deductible?
deductible
What does deductible deductions mean?
Subtract amount from taxes owed. (If you qualify for the deduction)
Is it deductible or deductible?
It is "deductible," except in Australia, where it's spelled "deductable."
How does home owners deductible insurance work?
I assume you mean how does the deductible work. When you file a claim on any insurance, the insurance company will take out the deductible before it issues the payment to you. In many states the banks are protected and the check has to be made out to you and the mortgagee company.
When your insurance said comprehensive less deductible 1000 what does that mean?
The deductible is the amount of money you will pay out of pocket before the insurance coverage kicks in. If you have 900.00 in damages, they wont pay anything. If you have 1500.00 in damages, they will give you 500.00. Less meaning - minus the deductible
In the medical field what do they mean by the payment was applied to the deductible?
Deductible means the amount of Covered Expense you must pay for Covered Services before certain benefits are available to you under this Combined Evidence of Coverage and Disclosure Form. Your annual Deductible is stated in the Part entitled ?MAXIMUM LIFETIME BENEFITS, ANNUAL DEDUCTIBLE, CO PAYMENTS AND ANNUAL OUT-OF-POCKET MAXIMUM.If your deductible has not been paid, the insurance company has the right to withhold the deductible amount first and then pay out the difference.
Should you have to pay excess for an accident unmistakenly caused by someone else?
what do you mean by excess? if you mean your deductible if your collision coverage is used regardless of fault you will be deducted your deductible....i need more info/details and i could be of more assistance please...
Which type of deductible requires a new deductible for each separate claim?
Straight Deductible
