The percentage of cost that an insured individual pays while the insurer pays the remainder would be considered

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Copayments refer to the fixed amount paid by the insured individual at the time of receiving healthcare services, while the insurer pays the remainder. Deductibles refer to the amount that an insured individual must pay out of pocket before the insurer starts paying for healthcare services. Play-or-pay is a term associated with employer-sponsored health insurance, where employers either provide health insurance coverage to their employees or pay a penalty. Fee for service refers to the payment model where healthcare providers are paid based on the services they provide. Therefore, the percentage of costs that an insured individual pays while the insurer pays the remainder would be considered copayments.

The Percentage of Cost That an Insured Individual Pays While