Law High School

Which statement best defines the term deductible?

A. It is money a consumer receives after experiencing a loss.
B. It is a payment made before a consumer can make a claim.
C. It is money paid by a consumer to share the cost of a payout.
D. It is a fee paid to an insurance company to purchase coverage.

Answers

Answer 1

Answer:

B. It is a payment made before a consumer can make a claim.

Explanation: This is the correct answer on Edge 2020 ( I just took the quiz and got it correct ^-^).

Answer 2

A deductible is an amount you pay for most eligible medical services or medications before your health plan begins to cover the cost, explained further.

What's the distinction between a deductible and a copay?

A deductible is an amount you pay for most eligible medical services or medications before your health plan begins to cover the cost. If your plan contains copays, you must pay the flat cost at the time of service (for example, at the pharmacy or doctor's office).

The term deductible refers to option B. a fee paid before a customer can file a claim.

Learn more about deductibles here:

https://brainly.com/question/3158031

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