The dollar amount that a patient must pay each year before his or her insurance benefits begin is called a/an:
A) dividend.
B) copayment.
C) deductible.
D) reimbursement.

Question

Quizplus · Accepted Answer

The dollar amount that a patient must pay each year before his or her insurance benefits begin is called a deductible. A copayment is a set amount that a patient pays for a specific medical service or medication, while reimbursement refers to the amount paid back to the patient or healthcare provider by the insurance company for services rendered. A dividend is a distribution of profits by a company to its shareholders.

The Dollar Amount That a Patient Must Pay Each Year