Telephone line with the sole purpose of transmission of insurance claims to a specific insurance carrier.

MEDICAL,USA: 1. Specific dollar amount that must be paid either monthly, quarterly, or annually by the insured or a specified amount of time that must elapse before a medical insurance plan or government program begins covering health care costs. For the majority of plans, this amount must be paid each calendar or fiscal year. These amounts can change from year to year. 2. In Medicare Part D, some plans have an annual deductible and many plans have no deductible amount. Sometimes referred to as cash deductible . In Medicare, to routinely waiver copayments and deductibles, regardless of need, is considered a fraudulent practice.
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A fraction of the insured loss that must be paid by the insured before the insurer will pay.
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UK: A specific amount or percentage that will be deducted from all losses. Claims below the deductible are eliminated. It works in the same way as an excess. A deductible of £1 million on a £5 million indemnity limits the (re)insurer’s liability to £4 million. The term is mainly used in primary insurance; the reinsurance equivalent is retention. The deferred period under an income protection policy is a ‘time’ deductible. Compare with franchise.
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US: An amount the insurer will deduct from the loss before paying up to its policy limits. Most property insurance policies contain a per-occurrence deductible provision that stipulates that the deductible amount specified in the policy declarations will be subtracted from each covered loss in determining the amount of the insured’s loss recovery. Usually, the amount of the deductible is not subtracted from policy limits.
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US: An amount which a policyholder agrees to pay, per claim or per accident, toward the total amount of an insured loss.
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Portion of an otherwise insured loss borne by the insured. The amount or percentage is specified in the policy.
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The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable. You may choose a higher deductible to lower your premium.
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The amount that is deducted from some or all claims arising under an insurance or reinsurance contract. The practical effect is the same as an excess: the insured or reassured must bear a proportion of the relevant loss. If that loss is less than the amount of deductible/excess then the insured or reassured must bear all of the loss (unless there is other insurance in place to cover the deductible). An increase in deductible should result in a reduction in premium.
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The deductible is the amount of the loss paid by the policyholder. It can be a specific amount or a percentage of the claim. For example, an insured may have a homeowners policy with a $500 deductible for all property coverage except windstorm and hail, which has a 10% deductible. Thus, if the insured has a fire, he or she is responsible for the first $500. If a hailstorm destroys the roof and the damage is $10,000, the insured’s deductible is 10% of the total or $1,000.Disability insurance and related coverages (such as nursing home insurance) often have a waiting period that serves as a deductible. For example, a nursing home policy may have a 90-day waiting period. In order to meet the waiting period and begin receiving benefits, the insured will have to be continuously confined to the nursing home for 90 consecutive days.
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The part of the loss that is to be borne by the insured.

Medical service charges that were incurred during the last 3 months of a year that may be applied to the deductible and which may be carried over to the next year of insurance coverage and benefits.

Expenditures that the Internal Revenue Service has declared as those that can be deducted when computing an individual or joint annual income tax return.