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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?
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.

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Based on the way insurance is offered, it is more likely that c. His annual deductible will be $800.

Facts about using in-network insurance

  • Charged a lower copayment rate after deductible.
  • Incur a relatively low out-of-pocket amount.
  • Have a relatively low annual deductible.

Using in-network physicians reduces the cost of insurance to the individual so the most likely option here is that Simon has an annual deductible of $800. It is also unlikely that he will pay nothing after meeting this annual deductible.

In conclusion, option C is correct.

Find out more on insurance deductibles at https://brainly.com/question/5306277.

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