In most cases, the insured person pays an annual cost or ____ for healthcare insurance.

Question

Quizplus · Accepted Answer

The annual cost paid by the insured person for healthcare insurance is known as a premium. Coinsurance is the percentage of costs shared between the insured person and the insurance company after the deductible has been met. Copayment is a fixed amount paid by the insured person for each healthcare service received. Capitation is a payment system where healthcare providers are paid a fixed amount per patient regardless of the services provided, and benefit refers to the healthcare services or coverage provided.

In Most Cases, the Insured Person Pays an Annual Cost