The amount of money that the insured must incur for medical services before the policy begins to pay is known as what?

Question

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The amount of money that the insured must incur for medical services before the policy begins to pay is known as a deductible. Co-insurance refers to the percentage of costs shared by the insured and the insurance company after the deductible has been paid. Co-pay is a fixed amount paid by the insured at the time of service. Coordination of benefits refers to the process of determining which of two insurance policies will have primary responsibility for coverage.

The Amount of Money That the Insured Must Incur for Medical