What does the deductible of 10,000 yuan mean, and what does the deductible of 10,000 yuan mean

Deductible. 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. The deductible, literally, 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.

So the point is that knowing the deductible, so how do we avoid the deductible pit?

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.

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.

3.Share the deductible.

If you want to lower your deductible, there is another category of products to consider, and that is products with a shared deductible. There are two types of deductible-sharing products:

1) Multiple people share the deductible.

The deductible is generally shared by multiple families, and the deductible is shared by the whole family. If a family of three is insured together, the deductible of 10,000 yuan per person will be reduced to more than 3,000 per person a year, which will increase the amount of reimbursement.

2) Multi-year shared deductible.

The multi-year deductible is when the cumulative cost of medical treatment exceeds the deductible over several years. It is still a product with a deductible of 10,000 yuan, and it is still a little difficult for us to have medical expenses of more than 10,000 yuan a year, but for several years, for example, it is more reasonable for medical expenses to exceed 10,000 yuan.

Although the total deductible remains unchanged in the above two ways of sharing the deductible, the deductible is appropriately reduced by splitting and increasing our probability of receiving compensation.

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.

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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.

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.

What does a deductible of $10,000 over 6 years mean?

The deductible refers to an amount agreed in advance between the insurer and the insured, when the loss is within the specified amount, the insured will bear the loss by himself, and the insurer is not responsible for compensation. To put it simply, it refers to the amount of the deductible. Therefore, the deductible of 10,000 yuan means that the insured needs to bear the loss by himself when the loss amount does not exceed 10,000 yuan; When the loss exceeds 10,000 yuan, the insurer will compensate.

Answer: 20,000 yuan deductible refers to the medical expenses incurred by the insured due to an accident or illness after the waiting period, and the insurance company will not reimburse 20,000 yuan within the scope of reimbursement, which belongs to the scope of deductible, and the excess part will be reimbursed in accordance with the contract. Different medical insurance products have different deductibles, generally between 0-20,000 yuan, the lower the deductible, the better, usually the deductible for small medical insurance is 100 yuan, and the deductible for million medical insurance is 10,000 or 20,000.

Introduction to the 10,000 deductible:

The deductible of 10,000 yuan refers to the expenses agreed in advance between the insurance company and the policyholder, and the insured is within the scope of the insurance company's claim, and 10,000 yuan shall be borne by the insured, and the insurance company will be exempted, and only the part exceeding the deductible of 10,000 yuan will be reimbursed according to the contract.

10,000 is the amount of loss within 10,000 yuan, the insured bears the loss by himself, the insurer is not responsible for the amount of compensation, more than 10,000 will be paid.

For example, if Xiao He buys a medical insurance with a deductible of 10,000 yuan, and Xiao He spends 30,000 yuan in medical expenses in the later stage, then the insurance company will only pay 20,000 yuan at most, and Xiao He needs to bear 10,000 yuan of medical expenses.

Purpose of the deductible:

The deductible is set to increase the threshold for claims and reduce the probability of claims for insurance companies, noting that usually the social security settlement part is not included in the deductible, and other commercial insurance reimbursements can be used to deduct the deductible.

Deductibles have reduced a lot of small claims, and the operating costs of insurance companies have also decreased, so some premiums can be appropriately reduced. If there is no deductible, the same coverage will cost more**. Therefore, the setting of the deductible allows us to buy the insurance product with the lowest and higher protection.