What is a "deductible"?
A. The percentage of every medical bill that you pay
B. The money you pay at the time of a doctor's appointment
C. The amount you pay towards your medical bills before the insurance company starts to help pay them
D. A reduction in medical benefits if you do not pay your monthly premium
Answer (1)
A deductible is the amount you must pay for healthcare services before your insurance covers the costs. It is important to know this amount as it affects your out-of-pocket expenses. Understanding deductibles helps in budgeting for medical expenses effectively. ;
