RECENT NEWS  Aug 5  Comment 
In November 2015, Tina Heck was in her garage lifting 40-pound bags of wood pellets to fuel her heating stove, when something went very wrong with her back.
Motley Fool  Aug 1  Comment 
When you're shopping for health insurance or using your coverage, what are the costs you'll have to pay? Learn the difference between deductible, co-pay and co-insurance to find out how to determine total expenditures.
Clusterstock  Jul 21  Comment 
The latest effort by Republicans in the Senate to overhaul the US healthcare system could have an unexpected effect on deductibles: they could get so high they're actually more than the poorest Americans earn. That's a conclusion of the...
MarketWatch  Jul 19  Comment 
A draft of a report from the Trump administration estimates that deductibles would run as high as $12,000 under a Senate bill that would create low-cost insurance plans.
Insurance Journal  Jun 15  Comment 
Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, new insurance research has found. Not only did 33 percent of respondents say they had never …
Motley Fool  Jun 5  Comment 
How can you cut healthcare costs if your deductible is too high? Follow these five tips to make your care more affordable.  Mar 22  Comment 
Republican leaders have repeatedly blasted Obamacare for having sky-high deductibles that leave consumers unable to afford a doctor's visit.
Insurance Journal  Feb 3  Comment 
Donald Trump has said he wants to roll back many of Barack Obama’s regulations linked to climate change but there may be one exception: a federal disaster proposal aimed at getting states to prepare for the more intense storms forecast …
MedPage Today  Jan 9  Comment 
(MedPage Today) -- Similar trends reported among HSA-eligible patients with diabetes
Insurance Journal  Dec 20  Comment 
The Illinois Department of Insurance has posted in the Illinois Register a second notice of the approval by the Illinois Joint Committee on Administrative Rules (IJCAR) of rules concerning size limits on large deductibles for workers’...


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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