Nubia's organization provides group health insurance.The plan covers "major medical" costs for each employee in any given year that total more than $10,000.Her group health insurance is a ______.

Question

Quizplus · Accepted Answer

Nubia's group health insurance is a high-deductible health plan (HDHP) because it covers major medical costs that exceed a certain amount, which is $10,000 in this case. HDHPs typically have lower monthly premiums but higher deductibles than other types of health insurance plans, and they are often paired with health savings accounts (HSAs) that allow employees to save money tax-free to pay for medical expenses.

Nubia's Organization Provides Group Health Insurance