Pat has always worked for companies that provided her with health insurance. However, she has recently lost her job, so she needs to buy an individual insurance policy. What statement can she expect to be TRUE of this policy?

Question

Quizplus · Accepted Answer

Pat can expect that her individual policy will be very expensive and subject to exclusions, high coinsurance (the percentage of each dollar of expenses that she pays out of pocket), and deductibles (the amount she must pay in full before the insurance pays). At a minimum, she should plan to get a policy that covers hospitalization and care for major disease or injury. This can be accomplished at a relatively low cost by contracting for a large deductible.

Pat Has Always Worked for Companies That Provided Her with Health