Demystifying Health Insurance Deductibles
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Questions and Answers

Which of the following best defines a health insurance deductible?

  • The amount of money you receive as a reimbursement for medical expenses
  • The amount of money you pay out of pocket before your insurance coverage begins (correct)
  • The total amount of money your insurance provider will pay for your medical expenses
  • The amount of money you pay to your insurance provider each month
  • What happens once you reach your health insurance deductible?

  • Your insurance provider starts paying a percentage of your medical expenses (correct)
  • You receive a refund for any medical expenses paid
  • You must continue paying out of pocket for all medical expenses
  • Your insurance coverage ends for the year
  • How often do you have to pay your health insurance deductible?

  • Every month
  • Every year (correct)
  • Only when you visit the doctor
  • Once in your lifetime
  • Which factor determines the cost of pet insurance?

    <p>The annual maximum</p> Signup and view all the answers

    What is the average monthly cost of pet insurance for a cat?

    <p>$30</p> Signup and view all the answers

    Why are younger pets typically cheaper to insure than older pets?

    <p>Younger pets are healthier</p> Signup and view all the answers

    What are the three main variables that determine how much reimbursement you'll get from a pet insurance claim?

    <p>Annual maximum, deductible amount, and reimbursement percentage</p> Signup and view all the answers

    Which of the following will result in higher pet insurance costs?

    <p>Choosing a high annual maximum</p> Signup and view all the answers

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