Question

Which type of deductible provision states that if more than one family member is involved in a common accident or suffers from the same illness, only one individual deductible amount shall be applied?

A) Aggregate deductible
B) Family deductible
C) Common accident deductible
D) Co-payment deductible

Answer 1

The type of deductible provision that states if more than one family member is involved in a common accident or suffers from the same illness, only one individual deductible amount shall be applied is B) Family deductible.

Answer 2

The correct answer is option B) Family deductible.

Step-by-step explanation:

The type of deductible provision that states that if more than one family member is involved in a common accident or suffers from the same illness, only one individual deductible amount shall be applied is the Family deductible. This provision is designed to limit the financial burden on families by consolidating the deductible amount for multiple family members.

For example, let's say a family of four is covered under a health insurance policy with a family deductible of $1,000. If two family members are involved in a common accident, they would only need to pay a combined deductible amount of $1,000, instead of each individual having to pay a separate deductible.

This type of deductible provision is specifically aimed at promoting affordability and fairness for families.