An insurance company is an example of a third-party payer.

Name: An insurance company is an example of a third-party payer.
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An insurance company is a third-party payer because it pays for healthcare services on behalf of an individual, known as the insured or the beneficiary. This is in contrast to first-party payers (the individual themselves) or second-party payers (such as an employer providing healthcare benefits to their employees).

An Insurance Company Is an Example of a Third-Party Payer