Definition of Deductible
the amount of money an individual pays for expenses before his insurance plan begins to pay
Examples of Deductible in a sentence
After the car accident, the insuree had to pay a five-hundred-dollar deductible to get his car fixed. 🔊
Every year, I must pay a thousand-dollar deductible before my health insurance company will pay for any of my medications. 🔊
The insurance company requires a deductible be paid by the customer before covering the cost of repairs. 🔊
My health insurance has a very low deductible and pays for most of my treatments in full. 🔊
The consultant explained that the deductible is the amount people must pay before their health insurance kicks in. 🔊
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