Examlex
Which of the following statements about upgrading is true?
Deductibles
Deductibles are the amount an insurance policyholder must pay out-of-pocket before the insurance coverage begins to pay for covered losses.
Out-Of-Pocket
Expenses that are paid directly in cash or cash equivalents during a transaction, without any form of credit.
Medicare
A federal program that provides health insurance to people over the age of 65 and to certain younger people with disabilities.
Medicaid
A public health insurance program in the United States that provides health care services to low-income individuals and families.
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