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If your health insurance policy has a $100 deductible, you will be responsible for paying this amount at which of the following times?Each time you seek medical careOnce every year when services of at least $100 are usedEvery month you exceed $100 in medical servicesOnly once in your lifetime

Question

If your health insurance policy has a 100deductible,youwillberesponsibleforpayingthisamountatwhichofthefollowingtimes?EachtimeyouseekmedicalcareOnceeveryyearwhenservicesofatleast100 deductible, you will be responsible for paying this amount at which of the following times?Each time you seek medical careOnce every year when services of at least 100 are usedEvery month you exceed $100 in medical servicesOnly once in your lifetime

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Solution

If your health insurance policy has a $100 deductible, you will be responsible for paying this amount at which of the following times?

  1. Each time you seek medical care: No, you will not have to pay the deductible each time you seek medical care. The deductible is a fixed amount that you are responsible for paying before your insurance coverage kicks in.

  2. Once every year when services of at least 100areused:Yes,ifyouusemedicalservicesthatamounttoatleast100 are used: Yes, if you use medical services that amount to at least 100 within a year, you will be responsible for paying the deductible.

  3. Every month you exceed $100 in medical services: No, the deductible is not based on a monthly basis. It is a one-time payment that you need to make when you reach the deductible amount.

  4. Only once in your lifetime: No, the deductible is not a one-time payment for your entire lifetime. It is applicable each time you reach the deductible amount within a specific time period, usually a year.

Therefore, the correct answer is option 2: Once every year when services of at least $100 are used.

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