What does tax deductible mean?

Answer Tax deductible is a term used to describe certain expenses that can be deducted from your income taxes at the end of the year. The deductions that you claim will affect which tax form you can use.T... Read More »

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What does 'a medical deductible' mean?

That is insurance terminology. It is a portion of a covered claim that the insurance company will not pay and that you have to pay to the doctor or hospital yourself.

What does no charge after deductible mean?

"No charge after deductible" means that once you have paid a specific amount for your medical care ($500 per year, for example), any medical care for the rest of the year costs you nothing. For exa... Read More »

What does 10% co-insurance after deductible mean?

Co-insurance means you share the cost, along with your health insurance provider, of medical treatments and drugs. Co-insurance often kicks in after you meet a deductible, which is an amount you m... Read More »

What does deductible mean in health insurance?

A deductible is the amount your health insurance company requires you to pay out of pocket before your coverage kicks in. The deductible may vary based on the treatment you are seeking, and the lev... Read More »