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Questions and Answers
Which term refers to the amount of money you need to pay out of pocket before your insurance starts covering expenses?
Which term refers to the amount of money you need to pay out of pocket before your insurance starts covering expenses?
- Deductible (correct)
- Co-insurance
- Premium
- Co-payment
Which term refers to the percentage of medical costs that you are responsible for paying after meeting your deductible?
Which term refers to the percentage of medical costs that you are responsible for paying after meeting your deductible?
- Deductible
- Co-insurance (correct)
- Co-payment
- Premium
Which term refers to a fixed amount that you need to pay for a specific medical service or prescription?
Which term refers to a fixed amount that you need to pay for a specific medical service or prescription?
- Premium
- Co-payment (correct)
- Co-insurance
- Deductible
Which term refers to the maximum amount of money you will have to pay out of pocket for covered medical expenses in a year?
Which term refers to the maximum amount of money you will have to pay out of pocket for covered medical expenses in a year?
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Which term refers to the maximum amount of money your insurance will pay for covered medical expenses in a year?
Which term refers to the maximum amount of money your insurance will pay for covered medical expenses in a year?
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