Question

1 point

1. what is an insurance premium? *

your monthly payment to your insurer, regardless of whether you use any services
a list of the procedures covered by your insurance carrier
an added cost you pay in order to receive higher-quality services
the amount you pay out-of-pocket for a specific procedure or service

• 1 point

1. which term refers to the percentage of covered medical expenses you are responsible for paying after your deductible is met?

deductible limit
premium
out-of-network fees
co-pay

• 1 point

1. when setting your premium, your car insurance company may consider each of the following except...

how many miles you drive per year
your age
your driving record
your height

Explanation:

1. An insurance premium is a regular payment to the insurer to maintain coverage, regardless of service usage.
2. A co-pay (or coinsurance, a form of co-pay) is the percentage of covered costs paid after meeting the deductible.
3. Car insurance premiums are based on risk factors related to driving; height has no impact on driving risk.

Answer:

1. Your monthly payment to your insurer, regardless of whether you use any services
2. Co-pay
3. Your height