With respect to employer-sponsored health insurance plans, the amount of money a covered participant must pay before health insurance benefits become active is known as which of the following? Select one: a. Premium b. Safe harbor c. Deductible d. Coinsurance
With respect to employer-sponsored health insurance plans, the amount of money a covered participant must pay before health insurance benefits become active is known as which of the following? Select one: a. Premium b. Safe harbor c. Deductible d. Coinsurance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
With respect to employer-sponsored health insurance plans, the amount of money a covered participant must pay before health insurance benefits become active is known as which of the following?
Select one:
a.
Premium
b.
Safe harbor
c.
Deductible
d.
Coinsurance
Expert Solution

Step 1
Insurance plans are made for taking medical benefits from the insurer company. Individual can take personal insurance plans or employer can also sponsor insurance plans for its employees.
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