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

Quizplus · Accepted Answer

A copayment is a fixed amount paid by a patient for receiving a healthcare service, with the insurance covering the remaining cost. However, in this scenario, the insurance reimburses 80% of the bill, which is more accurately described as coinsurance, a cost-sharing requirement where the patient pays a certain percentage of the service costs. The provided options do not include "coinsurance," and among the given choices, a copayment is the closest in concept, although not precisely correct for the described situation.

Suppose You Go to a Doctor, but Your Health Insurance