The ________ is a fixed amount that must be paid by the policyholder each year before a third-party payer begins to cover medical expenses. 

Fill in the blank(s) with the appropriate word(s).


deductible
The deductible is a fixed dollar amount that must be paid or "met" once a year, in addition to the premium, before the third-party payer begins to cover medical expenses.

Health Professions

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