Which of the following statements about the percentage of coverage of a health insurance policy is TRUE?
A. The percentage of coverage is the total amount of a medical expense that your insurance will pay before your deductible is met.

B. With an 80/20 plan, your insurance pays 80% and you pay 20%.

C. With an 80/20 plan, you pay 80% and your insurance pays 20%.

D. All of the above

Respuesta :

The true statements here are:

A. and B.

Explanation:

In a policy that is for medical or in general converge of insurance it is usual business practice to get the percentage of coverage be the total amount of a medical expense that your insurance will pay before your deductible is met.

This means that the amount that is agreeable to pay by the insurance company is paid first and then the amount you put in is used.

With 80/20 plan of insurance, your insurance is deemed to be paying 80% and you pay 20%.

This plan relies on the fact that there is usually no need for the use of that much money from the side of the firm.