which is always a cost when buying insurance? premium deductible co - payment payout
which is always a cost when buying insurance? premium deductible co - payment payout
Answer
Answer:
A. premium
Brief Explanations:
A premium is the amount an insured pays regularly to an insurance company for coverage. A deductible is an amount the insured pays before insurance kicks in, co - payment is a share of costs during a covered service, and a payout is money the insurance company gives. The premium is always a cost to the buyer.