BUISENESS MANAGEMENT
INSURANCE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
He will pay nothing because he has already met his deductible this term.
|
|
|
He will pay part of the next bill if he sneezes one more time during this same term.
|
|
|
He will pay all of the next bill if he sneezes one more time during this same term.
|
|
|
None of the above
|
Detailed explanation-1: -The amount you pay for covered health care services before your insurance plan starts to pay. With a $2, 000 deductible, for example, you pay the first $2, 000 of covered services yourself. After you pay your deductible, you usually pay only a.
Detailed explanation-2: -Some services may be covered at a certain percentage “after deductible, ” which means you will pay for the cost of that service until you have reached your deductible amount for the plan year.
Detailed explanation-3: -Percentage deductibles generally only apply to homeowners policies and are calculated based on a percentage of the home’s insured value. Therefore, if your house is insured for $100, 000 and your insurance policy has a 2 percent deductible, $2, 000 would be deducted from any claim payment.
Detailed explanation-4: -In most cases, the higher a plan’s deductible, the lower the premium. When you’re willing to pay more up front when you need care, you save on what you pay each month. The lower a plan’s deductible, the higher the premium.