Sentences with phrase «termed as deductible»

The insurance carrier will provide this coverage on the payment of an extra amount, termed as deductible.

Not exact matches

And while not every out - of - pocket health - care expense counts as deductible, long - term care insurance premiums do, with age - based caps on how much you can deduct yearly (see chart below).

Debt interest costs are fully tax deductible as a business expense and in the case of long term financing, the repayment period can be extended over many years, reducing the monthly expense.

Takeover specialists and their investment bankers pore over balance sheets to find undervalued real estate and other assets, and to see how much cash flow is being invested in long - term research and development, depreciation and modernization that can be diverted to pay out as tax - deductible interest.

To be eligible for a Health Savings Account, an individual must be covered by a High Deductible Health Plan (HDHP), must not be covered by other non-HDHP health insurance (does not apply to specific injury insurance and accident, disability, dental care, vision care or long - term care), must not be enrolled in Medicare and can't be claimed as a dependent on someone else's tax return.

Debt interest costs are fully tax deductible as a business expense and in the case of long term financing, the repayment period can be extended over many years, reducing the monthly expense.

+ During the interest only term your monthly payments are as low as they can possibly get; + You can qualify for a larger loan amount, maybe even a larger home; + During the interest only term you won't pay out cash to build equity; + Make investments with payment difference to potentially build your net worth; + The entire monthly payment qualifies as tax - deductible interest during the interest only period.

Similarly, as your wealth increases, you may be comfortable raising the deductibles on your health, homeowner's and auto insurance and extending the elimination period on your disability and long - term - care insurance.

For 2013, the deductible portion of eligible long term care insurance premiums that may be included as medical expenses on Schedule A rises.

An HSA allows you to invest pre-tax dollars, let those savings grow free of capital gains and dividend taxes, and then withdraw them tax - free so long as they go toward qualified medical expenses — which can include everything from deductibles to contact lenses to long - term care.

When those efforts are unsuccessful, a nonbusiness bad debt is deductible as a short - term capital loss in the year the debt becomes entirely worthless.

The term «divorce lawyer» generated phrases such as «are divorce lawyer fees tax deductible» and «how much are divorce lawyers fees.»

While the overall price of the plan is important because it will determine how much you will be paying for coverage, the other factors such as deductible amounts, long term versus 6 month car insurance policies, and the companies that provided offers are also important to ensuring you receive the best deal.

Subject to the Terms of this insurance, including without limitation the Exclusions set forth in Section T, the Conditions and Restrictions set forth below and the applicable Deductible and Coinsurance and other limits and sub-limits as specified in the Schedule of Benefits / Limits set forth in Section C, above, in the event the Insured Person suffers or experiences an Unexpected recurrence of a Pre-existing Condition during the Period of Coverage for which immediate Treatment is essential and necessary to stabilize the Pre-existing Condition, the Insured Person will be reimbursed up to US$ 5,000 for Eligible Medical Expenses incurred during the Period of Coverage with respect to the Unexpected recurrence of the Pre-existing Condition.

This is an in - depth overview to help you understand everything you need to know about the impact of increasing your deductible as well as how it can cost you, or save you money short and long term.

Property, Liability, Rent And Flood Insurance: As a condition to funding, Borrower must furnish an all - risk or special risk property insurance policy with a replacement cost endorsement or replacement cost valuation basis section with no more than a $ 10,000.00 deductible and no terrorism exclusions, and a comprehensive general liability policy in amounts and with terms acceptable to Lender.

An AgileHealthInsurance short term health insurance plan will allow you to select a deductible as low as $ 250.

As long as the accident is covered within the terms of your policy, PIP coverage pays for medical bills, income losses and other related expenses incurred by you or your passengers (after your deductible, and up to your covered limitAs long as the accident is covered within the terms of your policy, PIP coverage pays for medical bills, income losses and other related expenses incurred by you or your passengers (after your deductible, and up to your covered limitas the accident is covered within the terms of your policy, PIP coverage pays for medical bills, income losses and other related expenses incurred by you or your passengers (after your deductible, and up to your covered limit).

Deductibles on long - term care insurance policies are typically referred to as the Elimination Period.

Employees participating in a qualified plan, such as a 401 (k), may purchase a limited amount of term life or whole life coverage on a tax - deductible basis.

«If you're a responsible driver with a history of zero or few accidents, you may want to consider raising your deductible as it could significantly lower your premium and save you money in the long term,» Smith says.

The federal and some state tax codes let you count part or all of long - term care insurance premiums as medical expenses, which are tax deductible if they meet a certain threshold.

Even if the new comprehensive coverage plan is from the same company as the old fixed coverage plan, all of the terms and conditions start over again, such as the pre-existing conditions exclusion, deductible and co-insurance.

As I said earlier, I have purchased 1) Online term insurance, «HDFC Click2 Protect Plus» for 55 lacs, 2) Stand alone Personal accident policy for 50 lacs from «Apollo Munich» 3) Super top up mediclaim policy for 10 lacs with 1 lac deductible from «Apollo Munich» beside my company's group medicliam policy for 2 lacs.

Limits and deductibles determine your monthly premium and the level of protection and are expressed in dollar terms, though deductibles may sometimes be expressed as a percentage of the limit.

Since the premium on term insurance riders is added to the base premium of the term plan, it is deductible under section 80C as per Income Tax Act.

The premium you pay for the term life insurance plan is tax deductible up to INR 1.5 Lakhs per year as per Section 80 C of the income tax act.

As with a standard mortgage, the interest for green mortgages is tax - deductible, which can offer significant savings in the long term when compared to unsecured energy efficiency loans.