What does it mean when you say “the deductible amount has remained the same, adjusted for inflation”. Has it remained the same or has it been adjusted for inflation? $100,000 adjusted for inflation from 1970 is almost $1,000,000.
The deductible is adjusted for inflation, so presently it is around $46,000. It goes up every year. For example, if the jury awards a plaintiff $100,000 on a verdict, the plaintiff will only recieve $54,000. Hope this helps.
