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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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