Computers And Technology College

QUESTION 8/10
In addition to paying $100 per month for health insurance, Janine is responsible for paying her first $500
of medical bills every year before her insurance covers any costs. The $500 Janine must pay is called
the:
A. Copay.
C. Deductible.
B. Premium.
D. Annual out-of-pocket maximum.

Answers

Answer 1

The $500 Janine should pay is called the: Deductible.
What is insurance ?

Insurance is a type of risk management used to protect against the risk of financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Insurance can be defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. It is used to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

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