6
AssignmentMultiple Choice

Buying and Selling Stock

Question 6 • FL-2102373-Personal Finance and Money Management Honors

What is the relationship between deductibles and premiums in health insurance plans?

Answer
A
A lower deductible leads to lower monthly premiums.
B
A higher deductible often results in lower monthly premiums.
C
Higher monthly premiums increase the deductible amount you pay.
D
Lower monthly premiums decrease the deductible amount you pay.

Explanation

In many health insurance plans, a higher deductible is paired with lower monthly premiums. You pay less regularly for coverage, but more out of pocket before the plan begins paying for covered care. Therefore, the correct choice is “A higher deductible often results in lower monthly premiums.”

AI-written and checked against the verified answer.

Previous
Next