Question
QUESTION 6 / 10
In addition to paying $100 per month for health insurance, Janine is responsible for
paying her first $500 of medical bills every year before her insurance covers any
costs. The $500 Janine must pay is called the:
A. Deductible.
B. Annual out-of-pocket maximum.
D. Copay.
C. Premium.
In addition to paying $100 per month for health insurance, Janine is responsible for
paying her first $500 of medical bills every year before her insurance covers any
costs. The $500 Janine must pay is called the:
A. Deductible.
B. Annual out-of-pocket maximum.
D. Copay.
C. Premium.
Answers
GPT-4o mini
The correct answer is A. Deductible.
A deductible is the amount of money that a policyholder must pay out-of-pocket before their insurance begins to cover costs. In this case, Janine has to pay her first $500 of medical bills before her insurance starts to cover any expenses.
A deductible is the amount of money that a policyholder must pay out-of-pocket before their insurance begins to cover costs. In this case, Janine has to pay her first $500 of medical bills before her insurance starts to cover any expenses.