ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The reoccuring price someone must pay to keep the health insurance
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The cost paid out of pocket before the insurance company will begin paying anything
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Using your insurance to help pay for something
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none of the above
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Detailed explanation-1: -A health insurance claim or a medical insurance claim is a request that is raised by the policyholder for compensation of the expenses incurred for the treatment.
Detailed explanation-2: -An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured.
Detailed explanation-3: -An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy. Insurance is a financial agreement between you and your insurer.
Detailed explanation-4: -An insurance claim is a formal request to an insurance company asking for a payment based on the terms of the insurance policy. The insurance company reviews the claim for its validity and then pays out to the insured or requesting party (on behalf of the insured) once approved.
Detailed explanation-5: -Insurance proceeds are the monies an insurance company pays to cover any financial loss.