The percentage a patient pays for services is called:
1) co-payment.
2) deductible.
3) fee for service.
4) coinsurance.
Answer (2)
The percentage a patient pays for services is called coinsurance, which is the percentage of costs they cover after meeting their deductible. Other terms such as co-payment and deductible describe different payment structures in health insurance. Understanding these terms helps to clarify patient responsibilities in healthcare costs. ;
The percentage a patient pays for healthcare services is called coinsurance, which is calculated after meeting the deductible. It represents a shared cost between the patient and the insurance company. Other terms relevant to patient payments include co-payment and deductible, which have different meanings in health insurance.
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