What Is A Deductible Reddit Mar 17 2025 nbsp 0183 32 The deductible is an amount you must pay on a yearly basis before your insurer will cover anything If your office visit costs 400 you will pay the 400 if your deductible for the
Feb 2 2025 nbsp 0183 32 Deductible expenses offer a powerful tool for reducing tax liability but navigating the rules and regulations can be complex By understanding which expenses are deductible and The deductible is the amount you are responsible for paying if your insurance is making a payment on a claim filed on your behalf If they have to pay the majority of your claim your
What Is A Deductible Reddit
What Is A Deductible Reddit
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Jun 10 2024 nbsp 0183 32 A deductible is a standard so that you don t always make use of your insurance until it exceeds a minimum amount This prevents frivolous small claims and also reduces the Deductibles put some of your skin in the game so it reduces what the insurance company pays so in theory it reduces your premiums More importantly in the real world it prevents you from
A deductible is the amount you have to pay before your insurance pays anything I ll give you some examples Imagine you own a car You have insurance to protect yourself from someone What is a reasonable monthly payment for a low deductible and for a high deductible What happens when you haven t met the deductible amount before receiving medical services
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I think my deductible is 2 500 with nationwide A 5k deductible is pretty high IMO unless you have a healthy emergency or repair fund Your deductible means you WILL pay at least 1200 until your co insurance kicks in until your out of pocket for covered services So lets say you get an MRI and PET scan and they are
Jul 31 2023 nbsp 0183 32 What Is a Health Insurance Deductible An amount you owe for covered medical care before your insurance will pay A health insurance deductible is an amount you have to pay toward the cost of your healthcare Mar 26 2024 nbsp 0183 32 One important concept to understand is your deductible A deductible is the amount of money that must be paid for covered services before the health insurance company
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What Is A Deductible Reddit - Deductibles put some of your skin in the game so it reduces what the insurance company pays so in theory it reduces your premiums More importantly in the real world it prevents you from