deductible
Pronunciation: [dɪˈdʌk.tɪ.bəl]
Word
Context: “insurance”
(adjective) This means the amount of money you have to pay before your insurance helps with your costs. Like if you go to the doctor, you pay this amount first, and then your insurance pays the rest.
Example
Her health insurance has a low deductible, so she only pays a small amount when she visits the doctor.
Example
His car insurance has a high deductible, which means he has to pay a lot before the insurance kicks in.
Example
What is the deductible for your health insurance plan?
Context: “insurance”
(noun) This is the specific amount of money you need to pay before your insurance starts covering costs. Think of it as a fee you have to pay first when you need help with an expense.
Example
The deductible for her car insurance is $500, so she pays that amount before the insurance pays anything.
Example
He was surprised to find out his deductible was higher than he expected, making it harder to afford treatment.
Example
How much is the deductible for your homeowners insurance?
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