In the event of an insurance claim, if you are willing to pay a $1,000 deductible instead of $500 deductible you will pay a higher premium each month for your insurance. True False

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

A deductible requires a person with an insurance policy to:A.return money the insurance company pays to cover major damages.B.use his or her insurance policy a maximum of two times per year.C.pay a certain amount of money before insurance will cover expenses.D.purchase all different types of insurance from the same company.

xplain the difference between a premium and a deductible.

How can a high deductible affect your insurance premium?a) It increases the premium b) It decreases the premium c) It has no effect on the premium d) It guarantees full coverage without any payment

What is an insurance deductible? Question 1 options: the money paid by the insured before the insurance company begins to pay the monthly price one pays for an insurance policy the amount that is regularly deducted (taken out of) from one's paycheck to pay for insurance a decrease in the amount of insurance coverage one has