Final answer:
The component of dental insurance that does not require a deductible is the premium, which is the regular payment to the insurance company to maintain the policy. Other forms of cost-sharing, such as deductibles, copayments, and coinsurance, contribute to reducing moral hazard by involving the insured in the cost of their care.
Step-by-step explanation:
Among the components of dental insurance, the one that does not require the payment of a deductible is the premium. A premium is the regular payment made to the insurance company to keep the policy active. In contrast, a deductible is the amount the policyholder must pay out-of-pocket before the insurance company contributes to the costs of services. Once the deductible is met, coinsurance is the percentage of costs that the policyholder is responsible for, while a copayment is a flat fee paid at the time of service. The out-of-pocket maximum is the most a policyholder will pay during a policy period before the insurance company covers 100% of the expenses. All of these except the premium are forms of cost-sharing meant to reduce moral hazard, as they ensure the insured has a stake in the cost of their care.