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

Answer 1

The correct response is: The amount paid by the policyholder before the insurance policy starts paying on the claim