The amount of money paid to keep an insurance policy in force is the: Select one: a. premium. b. deductible. c. copayment. d. co-insurance. Under which of the following Medicare pl... The amount of money paid to keep an insurance policy in force is the: Select one: a. premium. b. deductible. c. copayment. d. co-insurance. Under which of the following Medicare plans for primary care and specialists' services is the patient required to pay a monthly premium? Select one: a. Part A b. Part B c. Part C d. Part D
Understand the Problem
The question is asking for definitions related to insurance terms, specifically identifying what is paid to keep an insurance policy active and understanding which Medicare plans require a monthly premium.
Answer
Premium; Part B
The final answer is 'premium' for the first question and 'Part B' for the second question.
Answer for screen readers
The final answer is 'premium' for the first question and 'Part B' for the second question.
More Information
The premium is the cost you regularly pay to keep insurance coverage active. Medicare Part B typically involves a monthly premium for outpatient services.
Tips
Make sure not to confuse 'premium' with 'deductible' as they serve different purposes in insurance.
Sources
- What is the Monthly Cost for Medicare Advantage? - ncoa.org
- Coinsurance vs. Copays: What's the Difference? - Investopedia - investopedia.com
- Medicare and You Handbook 2025 - medicare.gov
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