Asked by Tanner Cereghino on Apr 26, 2024
Verified
The dollar sum of costs that an insured individual must pay before the insurer begins to pay would be considered
A) copayments.
B) play-or-pay.
C) fee for service.
D) deductibles.
Copayments
A fixed amount paid by a patient for receiving a particular service or medication, with the remaining balance covered by the health insurance.
Deductibles
The amount that an insured individual must pay out of pocket before an insurance provider will pay any expenses.
- Identify and explain the various terms associated with health insurance, such as deductibles, copayments, and health savings accounts.
Verified Answer
ME
Midnight EditingApr 28, 2024
Final Answer :
D
Explanation :
Deductibles are the amount an insured individual must pay out of pocket before the insurance company starts to pay their share of the costs.
Learning Objectives
- Identify and explain the various terms associated with health insurance, such as deductibles, copayments, and health savings accounts.