Sentences with phrase «higher deductible amount»

The higher the deductible amount, the lower the premium.

If you have money in a savings account to handle a higher deductible amount then you may want to go with a higher deductible and lower monthly premium.

But many people choose for a lower insurance coverage amount with higher deductible amount for paying lower insurance premium.

The reason being, upon choosing higher deductible amount, you have to pay a high amount towards the claim and the insurance company will cover you for a lesser portion of the claim amount.

As for the separate deductible, she adds that «you have the opportunity to select which deductible works best for you and your budget, and the higher the deductible amount means the lower your policy cost (for the endorsement).

Typically, the higher the deductible amount, the lower the policy premium.

Deductible amount: You may have to pay comparatively low premium if you choose a relatively higher deductible amount.

Generally, if you're willing to take on a higher deductible amount, you'll have lower premiums each month.

The higher the deductible amount, the lower your physical damage premium, but be realistic about how much you can pay out - of - pocket in the event of an accident.

The higher your deductible amount is, the lower your overall premium will be.

If you select a higher deductible amount, say $ 100 versus $ 50 for emergency medical, then your travel insurance plan will cost less.

Normally, a higher deductible amount reduces your home insurance policy premium.

For instance, if you are involved in an auto accident, will coming up with a higher deductible amount such as $ 500 or even $ 1,000 but an undue strain on your finances?

If you can afford to pay the entire cost of repairing the damage anyway, you should consider a higher deductible amount to achieve substantial savings on your premiums.

A higher deductible amount will mean a lower annual premium.

A high deductible amount keeps your monthly premiums low.

The coverage can also have a high deductible amount, which the homeowner is responsible to pay in the event of a covered claim.

Dear Rajesh, Suggest you to take personal Family Floater plan (independent plan) and consider taking a family floater super top up plan (may be with employer's + this new plan coverage amount as deductible amount, the premium can be lower because of high deductible amount).

Not exact matches

For the individual serving as the chief executive officer of the Company at the end of the taxable year and for the individuals serving as officers of the Company or a subsidiary at the end of such year who are among the three highest compensated officers (other than the chief executive officer and chief financial officer) for proxy reporting purposes, Section 162 (m) of the Code limits the amount of compensation otherwise deductible by the Company and its subsidiaries for such year to $ 1,000,000 for each such individual except to the extent that such compensation is «performance - based compensation.»

Obviously when someone has a high deductible plan, until they hit that deductible amount, they're spending out of pocket.

Opting for a higher deductible will often result in a lower monthly premium, so it's worth weighing your finances to determine the maximum amount you could comfortably pay.

For instance, deductibles can range from 0 to $ 1,000 (a higher deductible means a lower monthly premium, but more out - of - pocket each time your pet begins a new treatment, and a lower deductible means a higher monthly premium), and certain policies will allow a limited amount per visit or incident, which means you would be responsible for anything over that allowed amount.

If you choose an HDHP, the following are the minimum deductibles and maximum out of pocket amounts for High Deductible Health Plans for 2017 and 2018.

Just remember that if you choose a higher deductible, you'll need to have enough cash on hand to cover the cost of any loss up to the deductible amount, Walker says.

If you want to increase your deductible, and lower the cost of your monthly premiums, the next highest dollar - amount deductible might be $ 2,500 - an amount you might not be comfortable with.

Your deductible would then be $ 1,500 - an amount higher than what you previously had but still within what you feel comfortable paying.

This also generally shows that it makes more financial sense to have a lower deductible amount for your comprehensive coverage; consumers save comparatively less while assuming a higher deductible.

So it's best to choose a high deductible to get the lowest premium if you are a good driver and can pay a larger out - of - pocket - amount, and the lower deductible in other cases (e.g. you can not pay a large out - of - pocket amount in case of an accident), right?

High - deductible health plans offer lower premiums than traditional health insurance plans, with the trade - off being much higher deductibles (the amount that the insured person must pay before the insurance company will begin covering part or all of the cost of the medical treatment or item) than traditional health insurance plans.

Your deductible should never be higher than that amount because if something happens, that's how much you'll likely have to pay.

Lenders will often set a maximum deductible of either $ 1,000 or 1 % of the total coverage amount, whichever is higher.

Meanwhile, Oklahoma residents see the second - highest savings when increasing home deductibles from $ 500 to $ 5,000, but save substantially less for lower amounts.

«If you can't come up with the deductible amount right now, your deductible is too high,» Barry says.

A higher deductible — the amount you pay out of pocket when you bump someone's bumper — means cheaper insurance.

The limits you set on your policy, as well as the deductible amounts — for example, your overall costs will be lower if you choose high deductibles, but you will also have higher costs to pay out of pocket in the event that you need to file a claim

Because of impact of GIS and OAS clawback, clawback of age amount and other social clawbacks such as pharmacare deductibles the effective marginal tax rate for the RRSP is often higher in retirement than while working.

Once you are married and own a home, many people find that it is more advantageous to itemize their deductions — typically because deductions such as mortgage interest result in a higher total deductible amount than the standard deduction.

If you derive income solely from rents, interest or dividends, you can contribute the maximum amount ($ 3,050 for individuals in 2011) and get a full deduction from your income (Of course, you will need to maintain a high - deductible health plan in order to qualify).

Choosing a higher deductible reduces the amount of money your insurance company pays in the event of a claim, so if you're willing to pay a higher deductible, insurance providers are willing to lower your premium.

It's not just insurance companies who can lower your premiums; if you want to lower what you pay each month or each year, you can request a higher deductible or even, in some cases, a lesser amount of coverage.

A low deductible (the amount you pay out of pocket when filing an insurance claim) usually means a higher premium or monthly payment.

Remember, if your health care costs are higher than your deductible, it will only help you if you can get the costs lower than the deductible amount.

To qualify, you must be enrolled in a health insurance plan that imposes high deductibles that meet or exceed IRS required amounts.

And as with interest that you pay over the course of the loan, the amount you pay in points is generally tax - deductible (this assumes that it still makes financial sense for you to itemize your deductions rather than take the new higher standard deduction).

Typically, you can obtain $ 1 million in coverage for a couple hundred dollars annually; higher coverage amounts can be even more cost - effective.2 Before adding umbrella insurance, however, you generally must purchase the maximum liability coverage on your homeowners and automobile policies, which serve as a deductible for the umbrella policy.

HSA contributions are no longer limited by a health plan's deductible amount, resulting in higher contribution amounts for most HSA holders.

Since a higher deductible effectively amounts to lower risk and potential costs for the car insurance company, your premiums will be lower.

Most insurance providers have a standard excess (known as a compulsory deductible) as well as a voluntary excess where drivers can choose a higher amount as a way to lower your premium.

«In most cases we also recommend the higher deductible of $ 1,000, in order to save a substantial amount on the annual premium.

Many people choose lower coverage amounts or higher deductibles in order to pay lower insurance premiums.