New York Times  Oct 18  Comment 
Some people enrolled in private coverage through the Affordable Care Act are hesitating to use their insurance because of the high out-of-pocket costs.
New York Times  Sep 2  Comment 
Just as employers replaced pensions with retirement savings plans, more large companies appear to be making a similar cost-sharing shift with health plans.
New York Times  Sep 1  Comment 
Just as employers replaced pensions with retirement savings plans, more large companies appear to be making a similar cost-sharing shift with health plans.
Insurance Journal  Jul 18  Comment 
Insurance Commissioner Jim Donelon has asked State Farm Fire and Casualty Co. (State Farm) to offer its Louisiana policyholders Louisiana the option of a 2 percent hurricane deductible on their homeowners’ insurance policies by paying the...
Insurance Journal  Jul 10  Comment 
One month into the hurricane season, State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm spokesman Gary Stephenson tells...
Forbes  Jul 2  Comment 
BNP Paribas Pays $9 Billion, But Isn't That $6 Billion after Taxes?
MarketWatch  Jun 6  Comment 
Turn your dream vacation into an honest-to-goodness tax deduction.
Insurance Journal  Apr 10  Comment 
A proposed New York State bill to establish standards for hurricane windstorm deductible triggers is advancing in the state Assembly. The bill, A.2729, was reported out of the Assembly’s insurance committee Tuesday. The bill is sponsored by...
New York Times  Apr 10  Comment 
The legislative fix may allow small-business owners to shift some of their health care costs to their workers.  Apr 6  Comment 
Yes, if they're medically necessary, which you need to itemize on the patient's tax return.


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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