Suppose you go to a doctor, but your health insurance plan reimburses you for only 80 percent of the bill. This is an example of

Question

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This is an example of a copayment, where the individual is responsible for paying a portion of the total cost of the service or treatment. In this case, the insurance plan covers 80 percent of the bill, while the remaining 20 percent is the copayment that the individual must pay out of pocket.

Suppose You Go to a Doctor, but Your Health Insurance