Vidyalelo
Commerce · Q973

Insurance

Graduate and Post Graduate · Commerce · question 973

Q973

Which is a fixed amount for a covered service in the health sector?

A.
Coinsurance
B.
Deductible
C.
Copay
Answer
D.
Health Insurance

Answer: Option C

Solution

Answer: Option C
Solution:
A copayment or copay is a fixed amount for a covered service, paid by a patient to the insurance company before patient receives service from physician.