Tag insurance

What is a Deductible?

What is a Deductible?

In the finance world, deductible is usually short for tax-deductible, which refers to an expense that reduces the amount of income that is subject to tax. What is a Deductible? The amount you pay for covered health care services before your insurance plan starts…

What is Insurance Premium?

What is a Deductible?

An insurance premium is the price a person or business (the insured) pays for an insurance policy. Insurance premiums are paid for all types of insurance: healthcare, rental, accident, auto, home, life, and more. What is Insurance Premium? The insurance…