Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Herbert Hoover and the Food Administration
Deductible
The amount paid out of pocket by the policyholder before an insurance company will cover the remaining costs attributed to a claim.
Policyholder
An individual or entity that owns an insurance policy, thereby having the insurance cover for specified risks.
Copayment
A fixed amount paid by a patient for healthcare services, with the remaining balance covered by their insurance plan.
Deductible
The amount a person must pay out-of-pocket before an insurance company will cover the remaining costs of a claim.
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