Question
In a fee-for-service health insurance plan with a $6,500 annual deductible, _____.
a.
the insurance company will not pay more than $6,500 for any hospital visit.
b.
the insurance company will pay at most $6,500 in health care in a calendar year.
c.
the insured individual must pay $6,500 in health care before the insurance company will begin to pay for his health care needs.
d.
the insured individual must pay $6,500 in equal monthly installments in order for the insurance company to pay for his health care needs.
a.
the insurance company will not pay more than $6,500 for any hospital visit.
b.
the insurance company will pay at most $6,500 in health care in a calendar year.
c.
the insured individual must pay $6,500 in health care before the insurance company will begin to pay for his health care needs.
d.
the insured individual must pay $6,500 in equal monthly installments in order for the insurance company to pay for his health care needs.
Answers
GPT-4o mini
The correct answer is: **c. the insured individual must pay $6,500 in health care before the insurance company will begin to pay for his health care needs.**
In a fee-for-service health insurance plan with a deductible, the insured must pay all medical expenses up to the deductible amount before the insurer starts to cover any costs.
In a fee-for-service health insurance plan with a deductible, the insured must pay all medical expenses up to the deductible amount before the insurer starts to cover any costs.