The Effect of an Annual Out-Of-Pocket Limit in an Individual

question 23

Multiple Choice

The effect of an annual out-of-pocket limit in an individual medical expense policy is to

• A)limit the lifetime benefits payable under the policy.
• B)put a cap on annual benefits the insurer will pay.
• C)prevent the insured from receiving duplicate benefits if medical expenses are also covered under workers compensation insurance.
• D)cover 100 percent of eligible medical expenses after an insured has incurred a specified amount of annual out-of-pocket expenses.

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Definitions:

Mary Whiton Calkins

An American psychologist and philosopher, the first woman to become president of the American Psychological Association.

Functionalism

A school of psychology that focuses on how mental and behavioral processes enable an organism to adapt, survive, and thrive.

Self-Awareness

Awareness about one’s distinct personality, sentiments, reasons for actions, and longings.

Human Capacity

Human capacity refers to the potential or ability of individuals to achieve or accomplish tasks, learn new skills, or adapt to varying environments.