Access Point #: SS.912.FL.6.AP.5 (Archived Access Point)


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Discuss costs involved in using an insurance policy as it relates to risks, deductibles and copayments
Number: SS.912.FL.6.AP.5 Category: Access Points
Date Adopted or Revised: 05/23 Standard: Protecting and Insuring

Related Benchmarks

Name Description
SS.912.FL.6.5 (Discontinued after 2023-2024): Describe how an insurance contract can increase the probability or size of a potential loss because having the insurance results in the person taking more risks, and that policy features such as deductibles and copayments are cost-sharing features that encourage the policyholder to take steps to reduce the potential size of a loss (claim).



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