With a major medical plan that provides first-dollar coverage, what is the impact on the deductible?

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

With a major medical plan that provides first-dollar coverage, what is the impact on the deductible?

Explanation:
With first-dollar coverage, benefits start from the first dollar of covered expenses, so there is no deductible the insured must meet. In other words, no deductible payment is required before the plan begins paying. You may still have copays or coinsurance for certain services, and there may be network terms or limits, but the deductible itself does not apply.

With first-dollar coverage, benefits start from the first dollar of covered expenses, so there is no deductible the insured must meet. In other words, no deductible payment is required before the plan begins paying. You may still have copays or coinsurance for certain services, and there may be network terms or limits, but the deductible itself does not apply.

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