Posted on July 20, 2013December 21, 2016
A fixed flat dollar amount (for example, $10 or $15) that you pay toward a covered healthcare service, usually when you receive the service.
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Generally refers to (1) the amount of reduction in the value of an Insured’s property caused by an Insured peril; (2) the amount sought through an Insured’s claim; or (3) the amount paid on behalf of an Insured under an insurance contract.