5 Questions
Which term refers to the amount of money you need to pay out of pocket before your insurance starts covering expenses?
Deductible
Which term refers to the percentage of medical costs that you are responsible for paying after meeting your deductible?
Co-insurance
Which term refers to a fixed amount that you need to pay for a specific medical service or prescription?
Co-payment
Which term refers to the maximum amount of money you will have to pay out of pocket for covered medical expenses in a year?
Out of Pocket Maximum
Which term refers to the maximum amount of money your insurance will pay for covered medical expenses in a year?
Annual Benefit Maximum
Test your knowledge of basic insurance terms with this quiz! From premiums to deductibles, co-insurance to co-payments, see how well you understand the fundamental concepts of insurance. Challenge yourself and learn more about these important terms.
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