In a fee-for-service health insurance plan with a $6,500 annual deductible, _____.

Question

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.

Answer 1

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.