Which of the following is an advantage to using a traditional health insurance plan?Low premiumsNo deductibleNo maximum amount that must be spent before discounts applyFreedom to use any healthcare provider

Which of the following is an advantage to using a traditional health insurance plan?

Which of the following does NOT describe a traditional health care plan?Deductible usually requiredFees are due for non-covered activitiesNo deductible requiredMaximum amount must be spent before insurance company pays their part

The main function of health insurance is: Question 1 options: To make healthcare free To reduce total spending on healthcare To pool the risks of healthcare costs All of the above

When we purchase essential insurance (e.g., healthinsurance), we are often offered a range of “deductibles,” the pre-specifiedamount that we must pay on a claim before the insurance company will pay thebalance. Assuming that the deductibles themselvesare for dollar amounts that we could afford without significant financial hardship, whichdeductible should we select?1 point Always select the policywith the highest deductible It depends on a number of factors; cannot sayfor sureAlways select the policy with the lowestdeductible

xplain the difference between a premium and a deductible.