Question 6023 of 287 · Texas Life, Accident and Health Agent Exam

A deductible differs from a copayment in that a deductible is

Exactly one answer is correct.

Aa fixed fee for a particular service, such as an office visit
Ban amount the insured pays out of pocket before the insurer begins paying benefits
Cthe percentage of costs the insurer pays after the benefits start, as agreed between the agent and the insurer
Dthe maximum the insurer will pay in a policy year

Show solution

Correct answer to question 6023

B: an amount the insured pays out of pocket before the insurer begins paying benefits

Explanation

Copayments are fixed amounts per service, often paid at the time of care.