What is a Deductible for medical insurance?

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A deductible is the amount that the policy holder must pay before any benefits are covered under the plan. Some plans do cover some limited services prior to the deductible being paid, or they may not cover any. It is important to know what your deductible amount is, before you purchase a policy, to make sure that you can truly afford it in the event you need medical services.
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If you win a lawsuit and have to reimburse the insurance company for medical expenses can you deduct those medical expenses?

Answer \n\n\nYou should be able to claim the medical expenses against your income tax, but there are limitations.\n\nYou may have to claim them for the year that they were i

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In Health

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