What is coinsurance? a. both parents have employer-sponsored insurance coverage for their children. b. two insurance companies combine to offer group insurance coverage. c. an employee pays all out-of-pocket expenses before the insurance takes effect. d. the insured pays a percentage of covered expenses.

D. The insured pays a percentage of covered expenses

Explanation:

The  insured is the person who stands to benefit from the insurance plan or policy. Hence, in coinsurance, the person who is known as the insured for  whom the insurance policy is being purchased has a duty to make certain contribution for the premium ( i. e. amount expected to be paid to the insurance company periodically).

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; the above statement/question is ( true);