deductible

1 of 2

adjective

de·​duct·​ible di-ˈdək-tə-bəl 

dē-

: allowable as a deduction

expenses that are deductible from taxable income

deductibility

di-ˌdək-tə-ˈbi-lə-tē 

dē-;

noun

deductible

2 of 2

noun

plural deductibles

: the amount of financial loss specified in an insurance policy that the insurer will not be held responsible for and that the insurance holder must pay

The deductible on your insurance is the amount of money on an insurance claim you would pay before the insurance company pays. It's what you'll be paying out of pocket prior to the insurance coverage.

—Steve Fiorillo

also : a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against

Examples of deductible in a Sentence

Adjective

The trip was deductible as a business expense.

Noun

I have an insurance policy with a $1,000 deductible.

Recent Examples on the Web

Adjective

The new measure will cover medications included in your formulary, as well as your deductible, copayments and coinsurance for drugs that qualify for the cap. —Aimee Picchi, CBS News, 31 Dec. 2024

While covering all expenses for the poor, Healthcare had a $1250 deductible ($5151 in 2023 dollars) for higher income recipients. —Guian McKee / Made By History, TIME, 29 Dec. 2024

Noun

Advertisement Among all advanced industrial countries, the U.S. goes furthest in using premiums, copays, and deductibles to influence access to care. —Michael Hiltzik, Los Angeles Times, 8 Jan. 2025

That's a $17 percent rise from the $240 annual deductible in 2024. —Kevin Lynn, Newsweek, 8 Jan. 2025

Word History

First Known Use

Adjective

1856, in the meaning defined above

Noun

1922, in the meaning defined above

Phrases Containing deductible

• tax-deductible

Legal Definition

deductible

1 of 2 adjective

de·​duc·​ti·​ble di-ˈdək-tə-bəl 

: allowable as a deduction

deductibility

-ˌdək-tə-ˈbi-lə-tē 

noun

deductible

2 of 2 noun

: a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against

also : the amount specified in such a clause compare franchise sense 4a