A Provision in a Health Insurance Policy That Will Cover

question 109

Multiple Choice

A provision in a health insurance policy that will cover only a fixed amount for an expense is called

• A) Reimbursement.
• B) Out-of-pocket limit.
• C) Deductible.
• D) Internal limit.
• E) Indemnity.

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Definitions:

Factors of Production

The inputs used in the production of goods or services, including land, labor, capital, and entrepreneurship.

Economic Resources

Inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Consumption Goods

Goods that are used by consumers for personal use and satisfaction, not for production or investment.

Lollipops

A hard candy on a stick.