QUESTION IMAGE
Question
the amount an insured must pay against a claim after the deductible is satisfied. options: deductible, copay, coinsurance
Brief Explanations
This term refers to the portion of a claim the insured pays after meeting their deductible, which matches the definition of coinsurance. Deductibles are the amount paid before insurance coverage activates, and copays are fixed flat fees for specific services, not percentage-based post-deductible payments.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
Coinsurance