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Mark must pay $500 in approved medical expenses before his insurance policy will make any payments. Which feature of health insurance is this?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
What is COBRA?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
Alex has insurance that will cover the three months of nursing home care he will need after his automobile accident. Which type of insurance is this?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
What is a beneficiary?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
What is worker\'s compensation?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
Angela’s employer announced a new health insurance plan that requires all medical services be arranged through a primary care physician. Which type of health insurance program?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
What is a risk?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
What is a deductible?
The length of time it takes an insurance policy to reach it full value
deductible
Uncertain, unpredictable factors that can lead to losses or damages
May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare.
long term care
Employers are required to have in every state in some form. Covers medical care at work.
An initial amount paid by insured for a loss before insurance compensations begin
Point of Service (POS)
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