Question

Deductibles under a group major medical plan usually run from $250 to $500; whereas individual health plans usually run from:

a) $1,000 to $5,000
b) $100 to $250
c) $500 to $1,000
d) $2,000 to $5,000

Answer 1

Group major medical plans generally have deductibles from $250 to $500, while individual health plans usually have higher deductibles, with the correct range being a) $1,000 to $5,000.

Step-by-step explanation:

In the realm of health insurance, a deductible is the amount that policyholders must pay out-of-pocket before their insurance coverage starts paying towards the costs of medical expenses. In the context of the question posed, group major medical plans typically have deductibles ranging from $250 to $500. In contrast, individual health plans tend to have higher deductibles.

The options given for the deductible range of individual health plans are: a) $1,000 to $5,000, b) $100 to $250, c) $500 to $1,000, and d) $2,000 to $5,000.