6
AssignmentMultiple Choice

Health Insurance

Question 6 • *GV 2018 - P.E. Health Science - PE201

What is co-insurance?

Answer
A
fixed percentage a patient must pay of the cost of a healthcare service
B
fixed amount of money a patient must pay directly to a healthcare provider
C
fixed amount of money a patient must pay for healthcare services every year before the insurance company will begin to pay

Explanation

Co-insurance is the portion of a covered healthcare cost that the patient pays as a percentage, with the insurer paying the remaining portion. For example, with 20% co-insurance, the patient pays 20% of the cost. A fixed payment for a visit is a copayment, while the amount paid before insurance starts paying is a deductible.

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