A patient has a high-deductible health plan and has just started their treatment for a chronic condition. The billing department needs to record the amount the patient needs to pay before their insurance starts to contribute. Which financial term best describes this amount?
The deductible is the amount a patient is required to pay out-of-pocket before their insurance company begins to cover the costs of their healthcare services. Understanding the term 'deductible' is essential for managing patient accounts accurately and ensuring clarity in patient billing.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is the purpose of a deductible in health insurance?
Open an interactive chat with Bash
How does a high-deductible health plan differ from other health plans?
Open an interactive chat with Bash
What happens after a patient meets their deductible?
Open an interactive chat with Bash
AAMA CMA
Administrative
Your Score:
Report Issue
Bash, the Crucial Exams Chat Bot
AI Bot
Loading...
Loading...
Loading...
Nursing and Medical Assistants Package Join Premium for Full Access