This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The difference between a per-cause and a calendar-year deductible and how it impacts out-of-pocket costs.

- How individual and family deductibles, including embedded deductibles, are applied on the exam.

- The function of a fixed-dollar copayment and its relationship to the deductible.

- How to calculate the insured's responsibility using a percentage-based coinsurance provision after the deductible is met.

- The correct order of applying deductibles and coinsurance to determine the total out-of-pocket expense in a claims scenario.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep