Describe the following types of deductibles: 1. straight deductible 2. calendar-year deductible 3. aggregate deductible Explain the purposes of deductibles in property insurance contracts. Describe a typical coinsurance clause in an individual or group medical expense insurance policy. a. Explain the ba...
Now, let’s say the next medical bill for that year is $700. Since you still have $300 of deductibles, you’re going to pay that amount for your medical bill. With the deductibles gone, you are left with $400. The insurance now kicks in at this point, and your insuranc...