Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.1<br />
Health Insurance <strong>and</strong> Financial Planning<br />
coinsurance<br />
the percentage of<br />
the medical<br />
expenses the<br />
policyholder must<br />
pay in addition to<br />
the deductible<br />
amount<br />
Major Medical Expense Insurance<br />
Major medical expense insurance pays the large<br />
costs involved in:<br />
• Long hospital stays<br />
• Multiple surgeries<br />
To keep premiums lower, most major medical<br />
plans require a deductible or include a<br />
coinsurance provision.<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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