Horatio has to pay $50 out of each paycheck to his insurance company. he had a medical procedure that he had to pay out $1000 for. the next time he had the procedure, his insurance company covered its entire cost. which best describes what he was paying for? - the $50/month is the deductible, and the $1000 was his premium. -the $50/month is the premium, and the $1000 was his deductible. -both payments covered his deductible. -both payments covered his premiums.