What does a co-payment or deductible incentivize an individual to do?

A) Pay for a higher coverage amount.
B) Pay a lower premium.
C) Refrain from making claims.
D) Decrease the number of insurance policies an insured has.
E) Shop around for the best coverage.

Co-payment

A fixed amount paid by a health insurance plan member for covered services, with the remainder being covered by the insurance.

Deductible

The amount paid out of pocket by the policyholder before an insurance policy begins to pay.

Incentivize

To provide motivation or encouragement through rewards or benefits, aiming to promote certain behaviors or actions.