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Question 1 4 1 pts An insurance premium and a deductible are financial terms related to health insurance, but they represent different insurance policy aspects.
Question pts An insurance premium and a deductible are financial terms related to health insurance, but they represent different insurance policy aspects. An insurance premium is the amount an individual or their employer pays to the insurance company regularly, typically monthly or annually, to maintain health insurance coverage. A deductible is the specific amount of money an insured individual must pay out of pocket before the insurance company contributes to covered medical expenses. True False 
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An insurance premium and a deductible are financial terms related to health insurance, but they represent different insurance policy aspects. An insurance premium is the amount an individual or their employer pays to the insurance company regularly, typically monthly or annually, to maintain health insurance coverage. A deductible is the specific amount of money an insured individual must pay out of pocket before the insurance company contributes to covered medical expenses.
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False
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
