Which term refers to annual out-of-pocket expenses that an insurance policyholder must make before an insurance plan makes any reimbursements?
A) Co-payment
B) Contribution
C) Coinsurance
D) Deductible

Question

Quizplus · Accepted Answer

The term that refers to annual out-of-pocket expenses that must be made before an insurance plan makes any reimbursements is the deductible. The co-payment is a fixed amount paid by the policyholder at the time of service, while coinsurance is the percentage of costs that the policyholder pays after the deductible is met. Contribution is a more general term that refers to any amount paid into an insurance plan by the policyholder or the employer.

Which Term Refers to Annual Out-Of-Pocket Expenses That an Insurance