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"The coverage symbol ""D100"" indicates comprehensive coverage with a $100 deductible

a. True
b. False

1 Answer

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Final answer:

The statement regarding 'D100' as a symbol for comprehensive coverage with a $100 deductible is likely false, as such symbols can vary by insurer. In health insurance, deductibles, co-insurance, and co-payments significantly affect individual costs for medical services.

Step-by-step explanation:

The statement regarding the coverage symbol "D100" indicating comprehensive coverage with a $100 deductible appears to be false, although the context of this coverage symbol can vary depending on the specifics of the insurance policy or the company using it.

The answer to whether this statement is true or false would depend on the policy language of the particular insurer. In the context of health insurance, deductibles and cost-sharing, such as co-insurance payments or co-payment (co-pay), play a significant role in the total costs borne by individuals when they receive medical care. With cost-sharing in the form of co-insurance, individuals may pay a percentage like 20% of the total costs, while the insurer pays the remainder.

Conversely, with a co-payment, individuals might have to pay a fixed amount for specific services.

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