Amount a patient must pay before insurance coverage kicks in.
Understand the Problem
The question is asking about the amount a patient needs to pay out-of-pocket before their insurance coverage begins. It presents three options, and it tests knowledge of terms related to insurance.
Answer
Deductible
The final answer is Deductible.
Answer for screen readers
The final answer is Deductible.
More Information
A deductible is the amount you must pay before your insurance plan begins to pay for covered health services. Coinsurance, on the other hand, is the percentage of costs you pay after meeting your deductible.
Tips
Common mistake: Confusing deductible with coinsurance. The former is paid before the insurance kicks in, while the latter is a shared cost after meeting the deductible.
Sources
- What is a Deductible? Guide to Health Insurance Deductibles - ehealthinsurance.com
- Understanding Your Health Insurance - disb.dc.gov
- Coinsurance - Glossary | HealthCare.gov - healthcare.gov
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