What does "deductible" mean?
An amount of expenses that must be paid out of pocket before an insurer will pay further expenses.
adj, noun ·4 syllables ·Moderate ·College level
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"In a tweet, [Donald Trump] said that the deductibles are in many cases way over $7,000, which makes the coverage worthless or unusable. […] Family bronze plans have an average deductible of just under $12,200 and an average out-of-pocket maximum of nearly $14,000."
"(Normally forgiven debt is taxable and only business expenses paid for with company income are deductible.)"
"You are covered with a $300 deductible."
An amount of expenses that must be paid out of pocket before an insurer will pay further expenses.
Common synonyms include: accident insurance, actuary, allowable, amortizable, annuity, assurance.
You are covered with a $300 deductible.
From deduct + -ible.