marias family has a health insurance plan. her mother has $350 deducted from her paychecks each month. when…

marias family has a health insurance plan. her mother has $350 deducted from her paychecks each month. when maria visited the doctor, her mother paid a $25 fee. the insurance company covered the rest of the cost of the visit. when marias mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. after this payment, the insurance company covered the rest of the costs.\n\nread the passage about a family health insurance plan.\nwhat is the $25 fee marias mother paid when maria visited the doctor?\n\npayout\ndeductible\nco-payment\npremium

marias family has a health insurance plan. her mother has $350 deducted from her paychecks each month. when maria visited the doctor, her mother paid a $25 fee. the insurance company covered the rest of the cost of the visit. when marias mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. after this payment, the insurance company covered the rest of the costs.\n\nread the passage about a family health insurance plan.\nwhat is the $25 fee marias mother paid when maria visited the doctor?\n\npayout\ndeductible\nco-payment\npremium

Answer

Brief Explanations:

In health insurance terminology, different types of payments are defined as follows:

  • Premium: The fixed amount paid periodically (e.g., monthly) to keep the insurance policy active. In this case, the $350 monthly deduction.
  • Deductible: The specific amount the insured must pay out-of-pocket for covered health care services before the insurance plan begins to pay. In this case, the first $1,000 of the hospital bill.
  • Co-payment (Copay): A fixed, flat fee paid by the insured person at the time of a specific service (like a doctor's visit), while the insurance covers the remainder of the cost for that visit.
  • Payout: The amount the insurance company pays for a claim.

Since the $25 fee was a fixed amount paid specifically for the doctor's visit, it is classified as a co-payment.

Answer:

co-payment