Join Examsbook
Answer : 1. "Deductible"
The Amount you have to pay out of pocket for expenses before the insurance company will cover the remaining costs is called _______.
5Q:
The Amount you have to pay out of pocket for expenses before the insurance company will cover the remaining costs is called _______.
- 1Deductibletrue
- 2Cancellationfalse
- 3Collectablefalse
- 4Renewablefalse
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
Answer : 1. "Deductible"
Explanation :
The deductible is the amount of money you have to pay on your own every year for your covered medical expenses before your insurance company starts picking up the bills. The out-of-pocket limit is the maximum amount of your own money you will have to pay for all of your insured healthcare during the year.