Ryan's Insurance Will Not Begin to Pay for Covered Services

question 65

Multiple Choice

Ryan's insurance will not begin to pay for covered services until he has paid the first $500 of his annual health care costs. This $500 amount is the

• A) premium.
• B) copayment.
• C) coinsurance.
• D) deductible.

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Definitions:

Autonomous Group

A group that operates independently with the ability to make decisions without external control, often seen in contexts such as work teams or decentralized organizations.

Task Hierarchy

A structured representation of tasks within an organization or project, organized in a manner that shows their relationships and dependencies from the highest to the lowest levels.

Job Class

A category of employment that groups together jobs similar in duties, responsibilities, and requirements for the purpose of standardization and fairness in pay, benefits, and other aspects.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming economies, labor practices, and societies around the world.