Suppose that you break your arm and incur your first medical expense ($2,000) of the year.Which of the following is consistent with having an insurance plan that provides first-dollar coverage?
A) You pay the entire $2,000 bill,since it is below the insurance plan's coverage.
B) The insurance company pays the entire bill.
C) You pay 20% of the bill ($400) .
D) You pay a $50 copayment and insurance covers the remaining expense.
Correct Answer:
Verified
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