BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Generally, the higher the deductible on an insurance policy, the
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greater the premium.
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lower the premium.
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more frequently the premium has to be paid.
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less frequently the premium has to be paid.
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Explanation:
Detailed explanation-1: -However, if the claim amount does not exceed the deductible, the insurer is not liable to pay any amount. The premium for a high deductible health plan is lower than a plan with a low deductible.
Detailed explanation-2: -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.
Detailed explanation-3: -A plan with a higher deductible than a traditional insurance plan. The monthly premium is usually lower, but you pay more health care costs yourself before the insurance company starts to pay its share (your deductible).
There is 1 question to complete.