It is the initial amount not covered by an insurance policy and thus the insured's responsibility; it's usually determined on a calendar-year basis or on a per-illness or eraccident basis. We may…

The correct answer is B. Deductible. See the full explanation below for the reasoning.

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Question

It is the initial amount not covered by an insurance policy and thus the insured's responsibility; it's usually determined on a calendar-year basis or on a per-illness or eraccident basis. We may call it as:

Options

AParticipation clause
BDeductible
CInternal limits
DCo-insurance

How the community answered

(52 responses)

A
8% (4)
B
73% (38)
C
4% (2)
D
15% (8)

Topics

#deductible#health insurance#cost-sharing#insurance provisions

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