_____ is the amount that a consumer must pay before the insurance provider will pay any claims on the policy.

Question

Quizplus · Accepted Answer

A deductible is the amount a consumer needs to pay out of pocket before the insurance company starts to pay for any claims. Copayments are fixed amounts paid for specific services, caps limit the total amount that can be paid out, and annual fees are charges for having the insurance policy, none of which describe the initial amount paid by the consumer before the insurance coverage kicks in.

_____ Is the Amount That a Consumer Must Pay Before