Sally's health insurance policy requires her to pay the first $500 of medical costs each year before the company will pay any of her medical bills. This policy provision is the:

Sally's health insurance policy requires her to pay the first $500 of medical costs each year before the company will pay any of her medical bills. This policy provision is the:



A) Co-insurance clause

B) Premium

C) Annual deductible

D) Major medical benefit



Answer: C

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