What is typically a feature of health insurance?

Health insurance typically includes features such as deductibles and co-pays. Deductibles are the amount that an insured must pay out-of-pocket before the insurance company starts to pay for covered services. Co-pays are fixed amounts that an insured pays for specific services at the time of treatment, which also helps to share costs between the insurer and the insured. These elements are fundamental to health insurance plans, as they help manage the costs associated with medical care.

The other options refer to different types of insurance coverage. Income replacement benefits pertain to disability insurance, which provides financial support when someone is unable to work due to illness or injury. Coverage for physical damages is often associated with auto or homeowners insurance, which protects against loss or damage to property. Liability coverage for medical malpractice is specific to professional liability insurance, protecting medical professionals against claims of negligence or harm. Each of these options serves a distinct function, highlighting why deductibles and co-pays are the most relevant features of health insurance.