A clause that require you to pay an initial portion of medical expenses annually before receiving reimbursement is a/an

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This is the description of a deductible, where the insured person is responsible for paying a certain amount of expenses before the insurance policy kicks in to provide reimbursement. A coinsurance is a percentage of the expenses that the insured person is responsible for paying, while a premium is the regular payment made to maintain the insurance policy. A copayment is a set amount that the insured person pays for each visit or service provided.

A Clause That Require You to Pay an Initial Portion