Final answer:
The term 'adjudicate' correctly fits the definition 'to settle or determine judicially', as it involves using legal processes to make decisions or resolve disputes.
Step-by-step explanation:
To settle or determine judicially is to make a decision or resolve a dispute through legal processes. In the options provided, adjudicate matches this definition, as it refers to the legal process wherein a judge or arbiter reviews evidence and arguments to make a ruling in a case. Now, let's define the remaining terms:
- A deductible is the amount that insurance policyholders must pay out of their own pocket before their insurance coverage begins to pay for services.
- Copayment is a set fee that the policyholder must pay when receiving medical services, with the insurance covering the remaining balance.
- Coinsurance is when the policyholder pays a certain percentage of the costs of medical services, and the insurance covers the rest.
Deductibles, copayments, and coinsurance are crucial elements of many insurance policies, and they serve to reduce moral hazard by ensuring that insured individuals have a financial stake in their healthcare usage, encouraging more responsible use of medical resources.