A patient must pay $400 per year for medical expenses before the insurance company will begin to cover any expenses. Which of the following terms describes this payment?

Question

Quizplus · Accepted Answer

A deductible is the amount a patient must pay out of pocket before the insurance company starts to pay for any services. In this scenario, the $400 payment required before coverage begins is a deductible.

A Patient Must Pay $400 Per Year for Medical Expenses