deductible

adj

1. Eligible to be deducted.

   “(Normally forgiven debt is taxable and only business expenses paid for with company income are deductible.)”

noun

1. (US)An amount of expenses that must be paid out of pocket before an insurer will pay further expenses.

   “In a tweet, [Donald Trump] said that the deductibles are in many cases way over $7,000, which makes the coverage worthless or unusable. […] Family bronze plans have an average deductible of just under $12,200 and an average out-of-pocket maximum of nearly $14,000.”