The amount you pay your insurer for your insurance plan is which of the following?
a. insurance premium
b. insurance co-pauy
c. insurance coverage
d. out-of-pocket expense

a. insurance premium

Explanation:

Insurance copay is the fixed amount that an insured person pays to cover the insurance policy. Moreover, it is linked to the health sector. Therefore, option B is incorrect.

Insurance coverage is the coverage for an insurance policy. It can be dictated as risk or liability. Therefore, option C is wrong.

Out-of-pocket expense is a direct expense, and it is not related to the insurance plan. Therefore, option D is false.

An insurance premium is an amount we have to pay for the insurance plan we accept to ensure for various purposes. Therefore, option A is the answer.

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