The set amount a patient must pay at the time of service is the:
A) coinsurance.
B) copayment.
C) deductible.
D) premium.

Question

Quizplus · Accepted Answer

The set amount a patient must pay at the time of service is the copayment. Coinsurance is a percentage of the cost of a covered healthcare service that you pay out-of-pocket after you've met your deductible. A deductible is the amount you pay for covered healthcare services before your insurance plan starts to pay. The premium is the amount you pay monthly, quarterly or yearly to buy an insurance policy.

The Set Amount a Patient Must Pay at the Time