Match each term with the following correct definition.
-Amount required to be paid by the insured before benefits become payable.

Question

Match each term with the following correct definition.​
-​Amount required to be paid by the insured before benefits become payable.

Quizplus · Accepted Answer

Deductible is the amount required to be paid by the insured before benefits become payable.

(Note: Co-pay and Coinsurance are also out-of-pocket expenses, but they are typically a set amount or percentage of the total cost of care, whereas deductible is a set amount that must be met before insurance coverage begins.)

Match Each Term with the Following Correct Definition.​

Match Each Term with the Following Correct Definition.