Question

In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense? A .You have no insurance. B.You have health insurance with a $500 deductible. C .You have auto insurance with a $700 deductible. D .You have health insurance with a $1,500 deductible.

Answer 1

b you have health insurance with a $500 deductible ...

Answer 2

The right answer is B) You have health insurance with a $500 deductible.

You have “health insurance with a $500 deductible” is the least amount of money that you have to pay out-of-pocket. This is because your insurance premium will be determined from your deductible.

Therefore, lower the deductible it can be helpful in many ways possible, higher premiums are likely to be paid monthly on a regular basis. Your insurance plan will have notable expectations like insurance plans will have deductible dollar amount.