<u>$500 would be the least amount of money out of pocket for medical expenses will be entitled to be paid.
</u>
Further explanation:
Insurance:
Insurance is the protection from the monetary loss. It is a kind of risk management for the safety of the person. For example, health insurance- in which health of the person is being insured. Medical expenses will be taken by the insurance company. Those amount which are not covered under the health insurance are payable by the insured person like $500 in this case. $500 is the least amount of money which have to be paid by the insured individual.
Health insurance:
Health insurance is important for everyone as it safeguards us from any unfortunate loss or injury to the health which will help in paying the expenses for our injury or illness.
Thus, $500 would be the least amount of money out of pocket for medical expenses that will be entitled to be paid.
Learn more:
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3. Learn more about renting and owning
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Answer details:
Grade: High School
Subject: Business
Chapter: Insurance
Keywords:In which of the following scenarios will you be entitled to pay the least amount of money out of pocket for medical expenses, medical, insurance, health insurance,