deductible

American  

[dih-duhk-tuh-buhl] / dɪˈdʌk tə bəl /

adjective

1. capable of being deducted.

2. allowable as a tax deduction.

   Charitable contributions are deductible expenses.

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noun

1. the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment.

   The deductible on our medical coverage has been raised from $50 to $100 per illness.

deductible British  

/ dɪˈdʌktɪbəl /

adjective

1. capable of being deducted

2. short for tax-deductible

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noun

1. Also called (in Britain and certain other countries): excess.  insurance a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder

Other Word Forms

• deductibility noun
• nondeductibility noun
• nondeductible adjective
• undeductible adjective

Etymology

Origin of deductible

First recorded in 1855–60; deduct + -ible

Example Sentences

You will likely have health challenges; Medicare premiums, deductibles and coinsurance; emergency house repairs; and one or both of you may even require nursing-home care.

From MarketWatch

The new law allows people with Bronze or Catastrophic plans — which have the highest deductibles of all ACA plans — to have HSAs for the first time.

From MarketWatch

I pay $2,400 per year, which includes a $5,000 deductible and covers the total amount.

From MarketWatch

Florida does have a medically needy or “share of cost” program, which allows individuals with income slightly above the Medicaid threshold to qualify by treating the excess income as a deductible.

From MarketWatch

The income that exceeds Medicaid eligibility acts like a deductible.

From MarketWatch