Terms of payment under your health insurance are governed by

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All of the given factors (policy limits, deductibles, coordination of benefits, and waiting periods) can impact and govern the terms of payment under health insurance. Policy limits establish the maximum amount an insurer will pay for covered services, while deductibles are the amount of money paid out-of-pocket by the policyholder before the insurance coverage begins. Coordination of benefits refers to the process by which insurers determine which policy is responsible for paying for a particular health claim, and waiting periods refer to the amount of time between when a policy is purchased and when coverage begins. Together, these factors all influence the terms of payment under health insurance.

Terms of Payment Under Your Health Insurance Are Governed by