Which definition best describes a deductible?

a. None of the answers are correct
b. The amount paid by the patient for every visit to the doctor. Usually between 15-40 dollars.
c. The amount paid to the insurance agency for a health insurance policy. Usually paid monthly.
d. The amount paid by the patient before the insurance will begin to make payments. Usually paid on a yearly basis.

1 answer

The definition that best describes a deductible is:

d. The amount paid by the patient before the insurance will begin to make payments. Usually paid on a yearly basis.

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