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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An aggregate deductible is typically used in policies that cover multiple claims over a specific period of time. For example, a general liability policy may have an aggregate deductible of $10,000 for a one-year period. This means that the policyholder is responsible for paying the first $10,000 of all claims made during that year.fastercapital.com/content/Aggregate-Deductible-Ex…Example of an Aggregate Deductible For example, a canning company is notified that some of its products are making the consumers sick. The company’s per occurrence deductible is $10,000, but it also has an aggregate deductible that designates that it does not have to pay more than $100,000 in deductibles in a given year.www.investopedia.com/terms/a/aggregate-deductib…
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WEBDec 30, 2023 · Aggregate deductibles promote cost sharing and shared financial responsibility among individuals covered under the same policy. Once the aggregate deductible is met, policyholders can access higher …
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WEBOct 1, 2019 · More specifically, with employer-sponsored coverage for a family plan, there are two different deductible types to consider: embedded and aggregate deductibles. Most family deductibles run from January 1 …
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WEBNov 24, 2023 · An aggregate family deductible means the health plan covers family healthcare expenses only when the entire family pays the deductible. This can happen when multiple family members individually …
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WEBMar 16, 2024 · For employer-sponsored family coverage on plans with aggregate family deductibles, average family deductibles ranged from just under $3,000 for HMOs to just under $5,000 for HSA-qualified high …
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WEBApr 25, 2024 · An aggregate deductible is a family group health insurance term used to define the amount of deductible a family on a single insurance plan must pay to receive reimbursement from the insurance company …
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