___________ represents the initial amount that's not covered by the policy and thus must be paid by the insured.
A)The deductible
B)The co-insurance
C)The copayment
D)The premium

Question

___________ represents the initial amount that's not covered by the policy and thus must be paid by the insured. ​
A)The deductible
B)The co-insurance
C)The copayment
D)The premium

Quizplus · Accepted Answer

The deductible represents the initial amount that's not covered by the policy and thus must be paid by the insured. The co-insurance is a percentage of the costs after the deductible that is paid by the insured and the insurance company. The copayment is a flat fee paid by the insured for certain services. The premium is the amount paid by the insured to the insurance company for coverage.

___________ Represents the Initial Amount That's Not Covered by the Policy