Business, 18.10.2019 14:30 kyle65

If you cause a car accident, which type of insurance will require you to pay the least out of pocket
a. high deductible plan
b. low deductible plan
c. either a or b
d. neither a nor b

Answers: 2

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A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan.

Answer from: tonya3498

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan

Further explanation

Deductible is the amount you pay for covered health care services before your insurance plan starts to pay. For example the $2,000 deductible pay. In this case you pay the first $2,000 of covered services yourself. After you pay the deductible, you usually pay only a copayment for covered services. There are two kinds of deductible plan such as low deductible plan and high deductible plan. Plan type affects your eligibility to use a health savings account (HSA) The high deductibles tend to have lower premiums, whereas the low deductible tend to have higher premiums. Plans with higher deductibles tend to have lower monthly premiums than lower deductibles.

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan. It means if the health insurance plans carry a lower deductible, when you get sick, you pay less money up front before your plan starts paying

Learn moreLearn more about deductible plan linkLearn more about insurance linkLearn more about car accident linkAnswer details

Grade: 8

Subject: business

Chapter: insurance

Keywords: deductible plan, insurance, car accident, pocket, pay

Answer from: Quest

The correct answer is "a.grassroots movements".

Answer from: Quest

Bi would !

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If you cause a car accident, which type of insurance will require you to pay the least out of pocket...

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