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Which of the following is an example of a co-payment?

A. [tex]$100 is written off a patient's account due to a contracted rate with the patient's insurance company.
B. The patient's secondary insurance pays the remaining amount of a bill after the primary insurance has paid.
C. An insurance company pays 80% of the cost of medical services and the insured pays the other 20%.
D. A fixed amount of $[/tex]25 is paid by the patient before she receives service from the provider.



Answer :

GinnyAnswer

Final answer:

A co-payment is a fixed amount that the insured individual pays out of pocket for a specific healthcare service before the insurer covers the remaining cost.


Explanation:

A co-payment is the amount that the insured person must pay out of pocket before the health insurer pays for a particular visit or service. It is a fixed cost that the individual pays each time they receive a specific service, such as a doctor's visit or prescription.

For example, if a patient has to pay a fixed amount of [tex]$25 before receiving services from a provider, that $[/tex]25 is an example of a co-payment.

Co-payments are one form of cost-sharing to reduce moral hazard and ensure individuals share the financial responsibility of their healthcare.


Learn more about Co-payment in health insurance here:

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