Practice Quiz

MACE Medication Assistant Exam Prep

Category - Insurance

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Which of the following accurately describes a patient's deductible?
  1. The patient pays a pre-determined percentage of the medication cost each time a prescription is filled
  2. A predetermined amount of money that a patient must pay before an insurance company will begin to provide financial assistance
  3. The price a patient is responsible for paying after the insurance company has paid their portion of the medication price
  4. The average price of acquiring prescription medications at the wholesale level
Explanation
Answer: B - A deductible refers to a predetermined amount of money that a patient must pay before an insurance company will begin to provide financial assistance. Deductibles can vary, depending on the insurance company and patient’s plan. Choices A and C are types of co-payments, and choice D describes the Average Wholesale Price.
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