Insurance Journal  Jun 8  Comment 
Arkansas’ emergency management director said he favors a proposal from the Federal Emergency Management Agency that gives states disaster “deductibles” as an incentive for the state to be better prepared for natural disasters. FEMA’s...
Forbes  May 20  Comment 
Golfer Phil Mickelson -- who once landed in this space by famously threatening to retire rather than subject his $55 million in annual earnings to rising federal and state tax rates -- found himself in the news today, and not in the sports...
MedPage Today  May 19  Comment 
(MedPage Today) -- News, features, and commentary about cancer-related issues
Insurance Journal  May 13  Comment 
The proposal boiled down to just three paragraphs in the Federal Register: Would it be a good idea, the Federal Emergency Management Agency wondered, if Washington gave states a financial incentive to pass building codes, better protecting their...  May 4  Comment 
Routine costs to cover City regulators’ work, but not fines, can be deducted from corporation tax bills, says George Osborne Payments by banks to the City regulator are “a routine cost of doing business”, which means they can be deducted...
Insurance Journal  May 3  Comment 
The Texas Department of Insurance reported it has been getting questions about deductibles after back-to-back storms hit the North Texas area. Insurers have the ability to make decisions on deductibles on a case-by-case basis. In situations where...
Forbes  Apr 29  Comment 
This week, the Tax Court reminded us that even though your boss may have an expectation that you dress a certain way while at the office or while working the assembly line at the cracker factory, that doesn't necessarily mean you can claim a tax...
Forbes  Mar 10  Comment 
For the past few years, I've harbored the hope that I would author a children's book. Unfortunately, I've encountered two small problems that have thus far kept me from fulfilling my goal: I have no ideas, and I have no talent.
New York Times  Feb 5  Comment 
Research shows higher deductibles reduce spending, but it does not show that they lead workers to compare prices or make wise choices on where to cut.


A deductible is the amount that a policy holder is responsible for paying per accident before his/her insurance policy kicks in. Deductibles vary by state, but are most often specified in amounts of $100, $250, $500 or $1,000. For most insurance companies, the higher your deductible, the lower your premiums. In other words, if you're willing to pay higher out-of-pocket costs, you can lower the total cost of your insurance. For example, if you are in an accident that causes $7,500 worth of damage and your deductible is $500, you are required to pay $500 before your insurance company takes care of the remaining $7,000.

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