Final answer:
The statement is true; deductible medical expenses can include payments to medical care providers and facilities. Deductibles are initial out-of-pocket payments before insurance kicks in, covering physician services, hospital stays, and more.
Step-by-step explanation:
The statement that deductible medical expenses include payments to medical care providers such as doctors, dentists, and nurses, as well as medical care facilities such as hospitals, is true. A deductible is an amount that insurance policyholders must pay out of their own pocket before the insurance coverage pays for any services. This out-of-pocket expense can cover a range of medical services, which often include physician services, hospital stays, and prescription drugs. Insurance terms such as fee-for-service and health maintenance organization (HMO) also play roles in how medical expenses are handled. In a fee-for-service model, medical care providers are paid according to the services they provide, whereas an HMO is paid a fixed amount per person enrolled, regardless of how many services are provided. Deductibles, along with copayments and coinsurance, are mechanisms to reduce moral hazard and ensure that policyholders do not overuse medical services since they have to bear a portion of the costs.