Match each term to its definition to the following 4 definitions: A)Copayment B)Premium C)Deductible D)Cap Definitions...
Match each term to its definition to the following 4 definitions:
A)Copayment
B)Premium
C)Deductible
D)Cap
Definitions
-
An amount that the insured is responsible for paying even when the service is covered by the insurance.
_______
-
The price paid by the purchaser for the insurance policy on a monthly or yearly basis. _______
-
The amount that an individual or family is responsible for paying before being eligible for insurance
coverage. _________
-
A limit on the total amount that the insurance will pay for a service per year, per benefit period, or per lifetime. ________
Homework Answers
A) Copayment : An amount that the insured is responsible for paying even when the service is covered by the insurance
B) Premium: The price paid by the purchaser for the insurance policy on a monthly or yearly basis.
C) Deductible: The amount that an individual or family is responsible for paying before being eligible for insurance coverage
D) Cap: A limit on the total amount that the insurance will pay for a service per year, per benefit period, or per lifetime
Add Answer to:
Match each term to its definition to the following 4
definitions:
A)Copayment
B)Premium
C)Deductible
D)Cap
Definitions...
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