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