A copayment, as it relates to medical insurance, is best defined as

A. a fixed, predetermined amount that you'll pay for a specific medical service

B. a percentage of health costs shared by you and the insurance company

C. the amount you need to pay in a given year before your insurance coverage begins

D. your monthly payment required to keep your insurance current and active

Respuesta :

A fixed, predetermined amount that you'll pay for a specific medical service is referred to as copayment.

What is Insurance?

This is defined as a means of protection from financial loss and there are different types.

The copayment is a fixed price for a specific medical service and is usually paid alongside the monthly premium for the plan chosen by the individual.

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