The Yearly Amount an Insured Person Must Spend Out-Of-Pocket for Health

question 20

Multiple Choice

The yearly amount an insured person must spend out-of-pocket for health care services before a health insurance policy will begin to pay its share is known as the

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

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Definitions:

Restrictive Indorsement

A signature on a negotiable instrument, such as a check, that limits how the instrument can be used.

Depositary Banks

Banks that hold securities (such as shares or bonds) in custody for other parties, facilitating securities trades and dividend payments.

State of Qatar

A sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula.

Negotiation

The process of discussing and arriving at a mutual agreement between parties.