A health insurance plan pays for medical care only after the insured has first paid $1,000 out of pocket on an annual basis. The $1,000 annual cost is called

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A health insurance plan pays for medical care only after the insured has first paid $1,000 out of pocket on an annual basis. The $1,000 annual cost is called

A. first-dollar coverage

B. coinsurance

C. premium

D. deductible

Answer: D. deductible

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