Question

Simon is a single individual and wants to sign up for the standard plan being offered by his employer. He plans to use in-network physicians. Which of the statements below is true?

Answer 1

The statement that is true of simon as an individual is; C: His annual deductible will be $800.

What is In-network Insurance?

For in - network insurance, we know the following facts;

• Charged a lower copayment rate after deductible.

• Incur a relatively low out-of-pocket amount.

• Have a relatively low annual deductible.

Now, in-network physicians help to reduce the cost of insurance to the individual and as a result, what is most likely going to happen is that Simon  will have an annual deductible of $800 and is less likely that he will not pay anything after meeting this annual deductible.

The missing options are;

a. The cost of his annual physical will be 50% after deductible

b. The maximum amount that he can expect to pay out-of-pocket is $6,000.

c. His annual deductible will be $800.

d. Once he hits his annual deductible of $800, he will incur no additional costs for health care services for the rest of the calendar year.

Read more about in-network insurance at; brainly.com/question/26278533