Health insurance policies may require the insured to pay up to a certain amount each year before the insurer's payment obligation begins.

Name: Health insurance policies may require the insured to pay up to a certain amount each year before the insurer's payment obligation begins.
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Question

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This is known as the deductible amount in health insurance policies. Once the insured has paid the deductible amount, the insurer begins to cover the costs of covered medical expenses.

Health Insurance Policies May Require the Insured to Pay Up