Which of the following best describes the term annual health insurance deductible?   A. the amount that is deducted from your paycheck each year to pay for your policy O   B . the amount that you can subtract from your yearly tax return if you provide evidence of continuous health insurance coverage over the past 12 months   C. The amount you pay for covered health care services before your insurance plan starts to pay.   D. none of the above

In the U.S. Medicare program (parts A and B), there ____ deductibles, copayments, etc. Medigap policies exist to _____. a. are no; cover costs (like coinsurance) traditional Medicare doesn't cover b. are; cover costs (like coinsurance) traditional Medicare doesn't cover c. are no; cover prescription drugs d. are; cover prescription drugs

Does perfect competition provide an advantage or disadvantage to the consumer and to the health care provider/organization? Provide an example of perfect competition within health care.

H applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim?    A: Deny the claim and refund premiums    B: Deny the claim, cancel the policy and keep all premiums    C: Pay the claim in full and keep the policy as is    D: Adjust the claim benefit amount to the insured's correct age