Generally, it means that medical bills for all family members covered under the plan will count toward meeting the deductible. This is different from the majority of plans, because most insurance plans have a deductible that is per person, with a maximum for the family of either 2 or 3 times that amount. For example, if a family of 5 is covered under your insurance plan, and the deductible is $1000 with a maximum of 3 times the amount, and you have, say, a bad car wreck where everyone is hurt - you would have $3000 to pay to meet your deductible. If you had the same family, and the 'Family deductible' is $1000, you would have only $1000 to pay to meet the deductible, even if everyone was hurt.
No.
comphrensive
If an individual uses the entire amount for a family deductible is that okay
I think so.
A high-deductible health plan contains certain minimum dollar limits on the annual deductible and maximum limits on the out-of-pocket expenses listed under the plan. An individual health care plan would be considered high-deductible if it has an annual deductible of at least $1,200. A plan for family coverage is considered high-deductible if it has an annual deductible of $2,400. Out-of-pocket expenses for 2011 may not exceed $5,950 for individual coverage and $11,900 for family coverage. Out of pocket expenses include deductibles, co-payments, etc. www.bankofkc.com /personal/hsa-faq.aspx
deductible
Individual and family deductibles in health insurance plans work together by combining the amounts paid by each individual in a family towards meeting the overall deductible. Once the combined amount reaches the deductible, the insurance plan starts covering costs for all family members.
A family deductible in a health insurance plan is the total amount that a family must pay out of pocket for covered medical expenses before the insurance company starts to pay for any costs. Once the family meets the deductible, the insurance company will typically start covering a portion of the costs, with the family responsible for any remaining copayments or coinsurance.
It is "deductible," except in Australia, where it's spelled "deductable."
Straight Deductible
No. Gifts to any of of the family members are not deductible on your income tax return.
If your policy contains a Deductible clause then yes you will have to pay your deductible.