A Deductible Is the Required Level of Payment That an Insured

question 40

True/False

A deductible is the required level of payment that an insured individual/family must meet prior to the insurer making payments in a fee-for-service plan.

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Definitions:

Trade Balance

The difference in value between a country's imports and exports over a certain period, indicating the net exports of goods and services.

Trade Balance

The difference between a country's exports and imports of goods and services, indicating whether a country has a trade surplus or deficit.

Negative

A condition or quantity less than zero or a loss or deficit in context.

Opportunity Cost

The value of the best alternative foregone as a result of choosing a particular action or decision.