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:

Merit-Based System

A process or system in which appointments and promotions are based on individuals' abilities and qualifications rather than on other factors such as political affiliation.

Political Affiliations

The political party or movement with which an individual or group is most closely associated or aligned.

Civil Service System

The civil service system is a merit-based recruitment and employment method for government officials and employees, intended to promote fairness and efficiency in public service.

Merit-Based

A system or process where decisions or selections are made based on individual performance, skills, and abilities rather than other factors such as nepotism or patronage.