Florida Life and Health Insurance License Practice Test

Question: 1 / 400

What would be the family's out-of-pocket medical expenses for 2013 under their Hospital/Surgical Expense policy?

$500

$1,500

$1,000

Option A ($500) is incorrect because it is less than the deductible of $1,000 which means the insurance will not cover any expenses.

Option B ($1,500) is incorrect because it is equal to the out-of-pocket maximum. This means that the family would have to pay the full amount of $1,500 before the insurance kicks in, but no more than that.

Option D ($2,000) is incorrect because it is greater than the out-of-pocket maximum. This means that even if the family's expenses were greater than $2,000, they would only have to pay $1,500 according to their policy.

The correct answer, Option C ($1,000), is the amount that the family would have to pay out-of-pocket before their insurance starts covering their medical expenses. This is the amount of the deductible, which means that once the family

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$2,000

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