What is the difference between coinsurance and copayment?

a. Coinsurance covers everything but the out-of-pocket expense for the insured.
b. Coinsurance is a percentage and usually has a limit.
c. Copayment pays for the balance of all expenses.
d. Copayment requires that a relative of the insured make all payments.

B

Health Professions

You might also like to view...

What are paramedics?

a. People trained in basic life support b. Also known as an Emergency Medical Technicians (EMT) c. Licensed medical personnel who render emergency treatment at the scene of an accident d. Emergency room nurses

Health Professions

List at least four common ways to move ill or injured people

What will be an ideal response?

Health Professions