Question

People who are underinsured:

a: acquire their health insurance under their parents or spouses plans
b: have insurance, but coverage does not adequately protect against high medical expenses or pay for all services
c: do not pay much for their insurance plans
d: have insurance that covers all medical expenses but does not cover dental or vision expenses

Answer 1

Underinsured individuals have health insurance, but it may not cover all of their medical expenses.

Step-by-step explanation:

Underinsured individuals have health insurance, but the coverage does not adequately protect against high medical expenses or pay for all services. They may have a deductible, which is a fixed amount the insurance does not cover before paying benefits. They may also have to pay a percentage of costs through co-insurance, or a fixed amount for each visit through co-payment.

For example, someone with health insurance might have to pay the first $1,000 of their health expenses as a deductible and then pay 20% of the costs through co-insurance. This means that they have insurance, but it may not cover all of their medical expenses, resulting in financial burden.