Which best describes coinsurance?
a. a plan in which the carrier pays a percentage of covered medical expenses after a deductible
b. the percentage of costs for medical expenses that the insured person must pay after a deductible
c. a prepaid type of insurance care plan in which the costs are capitated
d. an annual amount the individual must pay for medical expenses before the insurance company begins paying
Question 2
Which statement best describes a fee-for-service insurance plan?
a. a plan in which the insurance carrier pays a percentage of covered medical expenses after a deductible
b. the percentage of costs for medical expenses that the insured person must pay after a deductible
c. a prepaid type of insurance care plan in which the costs are capitated
d. an annual amount the individual must pay for medical expenses before the insurance company begins paying
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