_____ insurance policies generally require that the insured pay a deductible each year before the insurer's payment obligation begins.

Question

Quizplus · Accepted Answer

Health insurance policies generally require the insured to pay up to a certain amount each year before the insurer's payment obligation begins. This specific amount, which varies from policy to policy, is known as the deductible. After the insured has paid the deductible amount, the insurer must pay all of the remaining medical expenses incurred during that year.

_____ Insurance Policies Generally Require That the Insured Pay a Deductible