Which of the following accurately describes a patient's deductible?
A)The patient pays a pre-determined percentage of the medication cost each time a prescription is filled
B)A predetermined amount of money that a patient must pay before an insurance company will begin to provide financial assistance
C)The price a patient is responsible for paying after the insurance company has paid their portion of the medication price
D)The average price of acquiring prescription medications at the wholesale level

Question

Quizplus · Accepted Answer

A deductible refers to a predetermined amount of money that a patient must pay before an insurance company will begin to provide financial assistance. Deductibles can vary, depending on the insurance company and patient's plan. Choices A and C are types of co-payments, and choice D describes the Average Wholesale Price.

Which of the Following Accurately Describes a Patient's Deductible