RMIN 4000 Exam 4 Brown UGA with Complete Solutions

RMIN 4000 Exam 4 Brown UGA with Complete SolutionsRMIN 4000 Exam 4 Brown UGA with Complete SolutionsRMIN 4000 Exam 4 Brown UGA with Complete SolutionsRMIN 4000 Exam 4 Brown UGA with Complete SolutionsCost Sharing in Health Insurance - ANSWER-• Copayments • Deductibles • Coinsurance • Out-of-Pocket Maximum Limits Copayment - ANSWER-A flat amount the insured must pay for certain benefits, such as an office visit or generic drug. Does not count towards annual deductible. Examples : -$25 for visit to primary care physician. -$5 for a generic drug (prescription). Calendar-Year Deductible - ANSWER-• An aggregate deductible that must be satisfied during the calendar year. • The amount the insured is responsible for in total (over all claims during the policy period) before the insurer pays anything. • Policies may include an individual and/or family deductible.