A deductible under which expenses are accumulated on an annual basis,and once a specified total is reached,the deductible is satisfied for the year is called a

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A deductible under which expenses are accumulated on an annual basis is called a calendar-year deductible. Once a specified total is reached, the deductible is satisfied for the year. This type of deductible is commonly used in health insurance plans.

A Deductible Under Which Expenses Are Accumulated on an Annual