If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan
Deductible is the amount you pay for covered health care services before your insurance plan starts to pay. For example the $2,000 deductible pay. In this case you pay the first $2,000 of covered services yourself. After you pay the deductible, you usually pay only a copayment for covered services. There are two kinds of deductible plan such as low deductible plan and high deductible plan. Plan type affects your eligibility to use a health savings account (HSA) The high deductibles tend to have lower premiums, whereas the low deductible tend to have higher premiums. Plans with higher deductibles tend to have lower monthly premiums than lower deductibles.
If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan. It means if the health insurance plans carry a lower deductible, when you get sick, you pay less money up front before your plan starts paying
Grade: 8
Subject: business
Chapter: insurance
Keywords: deductible plan, insurance, car accident, pocket, pay
