Question

What is a deductible? (1 point)
• the amount paid by the policyholder before the insurance policy starts paying on the claim
• the maximum amount a policy will pay out in any one year
• the amount paid by the policyholder to the insurer on a regular basis for the policy
• the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached

Answer 1

• the amount paid by the policyholder before the insurance policy starts paying on the claim