Friends veteran Perry tragically died in October 2023.

At the time of his passing, his family issued a heartbreaking statement paying tribute to the actor.

It read: “We are heartbroken by the tragic loss of our beloved son and brother.

“Matthew brought so much joy to the world, both as an actor and a friend.

“You all meant so much to him and we appreciate the tremendous outpouring of love.”

Six weeks after he died, Perry’s cause of death was ruled to be due to the effects of ketamine.

The examiner also said contributing factors in Perry’s death also included ‘drowning, coronary artery disease and the effects of buprenorphine (used to treat opioid use disorder)’.

According to The Guardian, Perry was undergoing ketamine infusion therapy for anxiety and depression, but his last known infusion was a week and a half prior to his death, meaning that the drugs in his system weren’t related to an infusion – henceforth drug misuse couldn’t be ruled out.

Dr. Ed Boyer, a professor of emergency medicine at the Ohio State University Wexner Medical Center, said to CNN in December 2023 that ‘the elevated concentrations of ketamine suggest high levels of use’.

“Considering his last ketamine therapy was at least a week before, misuse – even recreational use – cannot be ruled out,” he added.

It wasn’t until May of this year that police launched a criminal enquiry into the well-loved actor’s death.

When the investigation was launched, Los Angeles Police Department (LAPD) said in a press statement: “Based on the medical examiner’s findings, the Los Angeles Police Department (LAPD), with the assistance of the Drug Enforcement Administration (DEA) and the United States Postal Inspection Service, has continued its investigation into the circumstances of Mr Perry’s death.”

An unnamed female celebrity has since been questioned in connection with Perry’s passing and reportedly had her phone and laptop seized.

As the investigation continues, she’s now hired a criminal defence lawyer.

The woman had been voluntarily answering the authorities’ questions on the matter before acquiring the services of top Hollywood lawyers, RadarOnline.com reports.

The woman in question is said to be denying her involvement in Perry’s death.

“She is adamant she had nothing to do with Matthew’s death,” a source said.

Speaking to In Touch, the insider added that the female celeb is ‘being tight-lipped about the situation’.

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Source: CNN

Understanding Deductibles in Insurance

What is a Deductible?

A deductible is the amount of money a policyholder must pay out-of-pocket before an insurance company begins to cover the remaining costs. Deductibles are a fundamental component of most insurance policies, including health, auto, home, and business insurance.

How Do Deductibles Work?

When you file a claim, you are responsible for paying the deductible amount. Only after this amount is paid will the insurance company pay for the covered expenses exceeding the deductible. For example, if you have a $1,000 deductible on your car insurance and incur $3,000 in damages from an accident, you would pay the first $1,000, and the insurance company would cover the remaining $2,000.

Types of Deductibles

1. Fixed Dollar Deductible: This is a specific amount you must pay each time you file a claim. It’s common in health and auto insurance policies.
2. Percentage Deductible: In some cases, particularly with homeowners insurance, the deductible might be a percentage of the insured value. For instance, if your home is insured for $200,000 and you have a 2% deductible, your out-of-pocket cost would be $4,000 before insurance covers the rest.
3. Per-Claim vs. Annual Deductible:
   • Per-Claim Deductible: You pay the deductible every time you file a claim.
   • Annual Deductible: Common in health insurance, this deductible resets each year. You pay out-of-pocket until your total expenses reach the deductible amount for the year.

Why Do Deductibles Exist?

1. Cost Control: Deductibles help keep insurance premiums more affordable. Higher deductibles typically result in lower premiums because the policyholder assumes more initial risk.
2. Reduced Claims Frequency: Deductibles discourage policyholders from filing small or frivolous claims, reducing the number of claims an insurer must process and pay out.
3. Shared Responsibility: Deductibles ensure that policyholders share in the financial responsibility of their care or damages, promoting cautious behavior and maintenance of insured assets.

Choosing the Right Deductible

When selecting an insurance policy, choosing the right deductible is crucial. Here are some considerations:

1. Financial Ability: Assess your ability to pay the deductible in case of a claim. A higher deductible can lower your premium but may be challenging to pay if an incident occurs.
2. Risk Tolerance: Determine how much risk you are comfortable assuming. If you prefer lower out-of-pocket costs during an emergency, a lower deductible might be preferable, albeit with a higher premium.
3. Frequency of Claims: Consider how often you might need to file a claim. If you anticipate frequent claims, a lower deductible might be more cost-effective over time.

Impact on Premiums

The relationship between deductibles and premiums is inverse. Generally, the higher the deductible, the lower the premium, and vice versa. This trade-off allows policyholders to customize their insurance based on their financial situation and risk appetite.

Conclusion

Deductibles are a key feature of insurance policies that influence both the cost of premiums and the financial burden on policyholders when filing claims. Understanding how deductibles work and carefully selecting an appropriate deductible can help balance cost savings with financial protection, ensuring optimal insurance coverage tailored to individual needs and circumstances.