Is the 10,000 deductible 10,000 at your own expense, and what does the 10,000 deductible mean

No. Deductible.

Literally, it is the amount of the deductible. In other words, if the amount of loss is within the specified amount, the insured shall bear the loss by himself, and the insurer shall not be liable for compensation. Now there are several deductible methods of insurance, such as inpatient and outpatient medical treatment is divided into 0 yuan deductible, 5,000 yuan deductible, and 10,000 yuan deductible.

The deductible of 10,000 yuan means that the loss within 10,000 yuan is deductible, and the insured needs to bear it himself, and the insurance company will not pay the claim.

For example: if Lao Wang next door bought a million medical insurance with a deductible of 10,000 yuan, and spent a total of 8,000 yuan on hospitalization before and after, at this time, because the cost did not exceed the deductible of 10,000 yuan, it could not be claimed; And if Lao Wang** spent 15,000 yuan and met the claim criteria, then 5,000 yuan of the 10,000 deductible can be reimbursed.

Extended Information] How to better reimburse medical expenses? Avoiding the deductible pitfall?

1.Supplemental configuration of micro-medical insurance.

Micromedical insurance is a type of sum insured.

Lower medical insurance.

Products. It is mainly to solve the problem of medical reimbursement for minor diseases, such as hospitalization for ordinary minor diseases, accidental hospitalization medical expenses, self-financed drugs, outpatient expenses, etc.

The deductible of this type of medical insurance is generally low, usually 100 yuan deductible or 0 deductible, but the reimbursement amount is also low, generally 1-20,000 yuan, which is completely sufficient to deal with the usual minor illnesses and pains, and can also fill the deductible gap of millions of medical insurance.

For example: this time it is Lao Li, if Lao Li buys a small medical insurance with 0 deductible and a maximum reimbursement of 10,000 yuan and a million medical insurance with a deductible of 10,000 yuan.

After a lifetime of illness and hospitalization**, it cost 50,000 yuan, and then the million medical insurance can reimburse 40,000 yuan after deducting the deductible of 10,000, and the part of the million medical deductible can be reimbursed with small medical insurance.

2.Buy products with 0 deductible.

In addition to purchasing a small medical insurance to fill the deductible gap, we can also choose a medical insurance product with zero deductible.

However, I want to tell you that medical insurance products with 0 deductible will be more expensive than products with deductibles, after all, with 0 deductible, the insurance company also needs to bear a greater risk of compensation.

The deductible refers to the amount of the insurance company's deductible, which is simply understood as the money that the insurance company does not have to pay. In addition to the deductible, you also need to pay attention to the exclusion clause, which refers to the content that the insurance company does not insure.

If you don't understand, you'll suffer a big loss!

The deductible of 10,000 yuan refers to the fact that when the loss of the insured does not exceed 10,000 yuan, you need to cover the loss by yourself, and when the loss exceeds 10,000 yuan and the corresponding conditions are met, the insurance company will compensate according to the terms, so it can also be understood that after the self-payment exceeds 10,000 yuan, if the conditions are met, the corresponding compensation can be obtained.

The deductible usually appears in medical insurance, as well as accident insurance in the accidental medical treatment, in addition to the deductible set at 10,000 yuan, there are also set at 5,000 yuan, 0 yuan, etc., if in the case of the same protection and the same premium, you can give priority to the product with less deductible.

The purpose of the insurance company to set the deductible is actually to reduce the small amount of claims accidents, reduce the risk of insurance companies' claims, and also help insurance companies control costs, so that they can set up a more people-friendly **, so that everyone can spend less money and obtain relatively high medical insurance.

The deductible of 10,000 yuan can be understood as the corresponding compensation can only be obtained after the self-payment exceeds 10,000 yuan and the contract provisions are met.

A deductible is simply money that the insurance company does not have to pay. If the insured's loss does not exceed $10,000, the insured needs to cover the loss by himself.

When the loss exceeds 10,000 yuan and the corresponding conditions are met, the insurance company will compensate according to the terms.

If you still have doubts about the deductible, you can also read this article: What is the deductible? Is the less deductible the better?

The deductible of 10,000 yuan means that no compensation will be paid if it is less than 10,000 yuan, and only more than 10,000 yuan can be paid.

1.In fact, after the social security (medical insurance, supplementary medical insurance, etc.) is reimbursed, you need to bear the cost of 10,000 yuan, and the insurance company will reimburse you if you exceed this part.

2.Thankfully, this deductible is cumulative.

Extended Information] Deductible, as the name suggests, is the amount of the deductible. It refers to the amount of loss agreed in advance between the insurer and the insured, the insured shall bear the loss by himself, and the insurer shall not be responsible for compensation. Because deductibles eliminate many small claims, the cost of loss claims is greatly reduced, which can reduce the operating costs of the insurance company and the premiums paid by the insured.

So deductible clauses are widely used in property, health, and car insurance.

The deductible refers to the amount of loss that the insured has to bear before the insurer makes a claim according to the conditions of the insurance. Deductibles come in the following forms:

Absolute deductible means that the insured has to bear a certain amount of loss before the insurer makes a claim. For example, if the contract stipulates that the absolute deductible is 200 yuan, the insurer will not pay compensation for the loss of less than 200 yuan.

If the loss exceeds 200 yuan, the insurer will compensate for the excess part. Generally, this deductible is applied to each loss.

The formula for calculating the absolute deductible is as follows: Insurance claim amount = (total medical expenses - deductible) benefit ratio.

Total deductible. This is to add up all the losses that fall within the scope of insurance during the insurance period, and if the total loss is less than the total deductible, the insurer will not pay any compensation. Once the total loss exceeds the total deductible, the insurer pays for all the excess losses.

Health insurance often uses a total deductible for a calendar year, which aggregates all eligible medical expenses during the calendar year, and if the amount exceeds a certain amount, the insurer pays the health insurance premium according to the contract.

Relative deductible, which is a type of deductible that is often used in marine transportation insurance, is expressed as a percentage or a certain amount. If the loss is less than the prescribed proportion or amount, the insurer is not liable for compensation, but when the loss is higher than the specified proportion or amount, the insurer will compensate for the entire loss. The reason why marine transportation insurance uses the volt relative deductible is that the shipper can expect at least some minor loss due to bad weather, the continuous navigation of the vessel and the frequent movement of cargo, and because the property is occupied by the carrier, there is no incentive to exaggerate the loss.

Depending on the deductible that disappears, the deductible decreases as the loss increases. In fact, this is not to pay for small losses, and to compensate for large losses in full. For example, assuming that $500 is the starting point for the disappeared deductible, the insurer will compensate 111% of the claim amount above $500; When the loss reaches a certain amount, the deductible disappears completely.

The deductible of 10,000 yuan means that the cost spent is less than 10,000 yuan, and the insurance company will not pay for it, which is equivalent to 10,000 yuan of expenses will not be compensated. That is, a limit set by the insurance company.

Commemorative coins are legal tender designed and manufactured by the national mint designated by the People's Bank of China and planned by the State Bank to commemorate major international or national political, historical, cultural and other major events, outstanding figures, scientific and cultural achievements, places of interest, rare animals and plants, sports events, etc.

Meaning: the loss is within 10,000 yuan, the insured bears the loss, the insurer is not responsible for the amount of compensation, and the deductible usually appears in the reimbursement insurance products, such as million medical insurance and accident insurance. That is to say, the insurance company will not reimburse the expenditure of less than 10,000 yuan.

Deductibles are often included in reimbursement insurance products, such as accident medical coverage and medical insurance in accident insurance. According to the deductible, we can divide it into two types of insurance: small medical insurance and commercial medical insurance.

There is usually a deductible of $10,000 for general medical insurance in the Million Medical Insurance, and there is no deductible for critical illness medical insurance. After knowing the general deductible, of course, you want the deductible to be as low as possible, after all, the lower the deductible, the easier it is to get a claim. At present, some insurance products on the market have a deductible of 0, but the premium is generally slightly more expensive.

However, the premium will be slightly more expensive. In response to the problem of deductible, there are many insurance companies whose insurance products can share the deductible, and some insurance companies have launched products that can share the deductible of 1 yuan for many years, but if the family is insured, the deductible of 10,000 yuan can also be shared, no matter which good method is used, the deductible can be indirectly reduced.

Further information: There are generally two ways to pay deductibles: one is an absolute deductible, and the other is a relative deductible.

1.Absolute deductible: refers to the amount of loss that the insured has to bear before the insurer makes a claim. Usually in one-year accident insurance and medical insurance, the absolute deductible is divided into a single deductible and an annual deductible.

For example, if the absolute deductible is 500 yuan and the loss is 1000 yuan, then the absolute deductible will be deducted, and only 500 will be paid in the end.

2.Relative deductible:

When the loss under the policy exceeds the prescribed deductible, the insurer bears the entire loss within the sum insured.

For example, if the relative deductible is 500 yuan, and the loss does not exceed 500, the insurance company will not compensate, if it exceeds 500, such as a loss of 1000 yuan, the insurance company will compensate in full, and will not deduct the deductible.

10,000 deductible.

It is an insurance exemption amount, when the insured's loss amount is less than 10,000 yuan, the individual needs to bear all the losses.

When the loss amount is more than 10,000 yuan, the insurance company will compensate in accordance with the relevant terms of the insurance contract.

For example, Xiao Ming has purchased a medical insurance with a deductible of 10,000 yuan.

When seeking medical treatment in the hospital, after the medical insurance is reimbursed, you will have to bear the cost of 10,000 yuan and less, and only after the medical insurance reimbursement, when the remaining expenses exceed 10,000 yuan, the insurance company will compensate.

The deductible is mainly to reduce some frequent small claims expenses, improve the sense of responsibility and attention of the insured, avoid undue losses, and also reduce the operating costs of the insurance company.