What does Large Deductible Plan mean? Read on to discover the definition & meaning of the term Large Deductible Plan - to help you better understand the language used in insurance policies.
Large Deductible Plan
A cash flow workers compensation insurance program that allows the insured to retain a portion of each loss through a substantial deductible and to transfer onto an insurer losses in excess of that deductible. The insurer also handles losses falling below the deductible and bills back these costs to the insured.
We hope the you have a better understanding of the meaning of Large Deductible Plan.