what is the term for the dollar amount a person has to pay before an insurance plan takes effect and the…
what is the term for the dollar amount a person has to pay before an insurance plan takes effect and the insurance company starts paying?\n premium\n deductible\n co - pay\n coverage rate
Answer
Brief Explanations:
A deductible is the amount a policy - holder must pay out - of - pocket before the insurance company starts covering costs. A premium is the regular payment to maintain the insurance policy. A co - pay is a fixed amount paid for a covered service at the time of service. The coverage rate is the percentage of costs the insurance company pays after the deductible is met.
Answer:
B. deductible