Answer :
To determine the type of deductible that applies when all or part of a [tex]$500 deductible is offset by a Basic Medical policy, we need to understand the different types of deductibles mentioned:
1. Integrated Deductible: This type combines basic and major medical coverage. If the expenses covered by the Basic Medical policy contribute towards the deductible of a major medical policy, then it is called an integrated deductible. This ensures that the same deductible amount applies across both policies in an integrated fashion.
2. Corridor Deductible: This type of deductible applies after the basic medical coverage benefits are exhausted but before the major medical benefits start. It essentially creates a gap ("corridor") between the two coverages.
3. Flat Deductible: This is a basic, straightforward deductible amount that the insured must pay out-of-pocket before any medical insurance coverage begins to cover costs.
4. Split Deductible: This type involves different deductible amounts for various services or conditions within the same policy.
Given the scenario where a Basic Medical policy offsets part of a deductible, the most fitting type of deductible would be the one that allows combining both basic and major medical coverages.
The correct answer is:
Integrated Deductible.
So, when all or part of a $[/tex]500 deductible is offset by a Basic Medical policy, an integrated deductible applies. Therefore, the correct option is:
1. Integrated.
1. Integrated.
