A fixed amount of money that someone with insurance must pay each time the individual incurs a cost that is covered by insurance is called:

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Quizplus · Accepted Answer

A copayment is a fixed amount paid by an insured person each time they receive a service covered by their insurance, distinguishing it from coinsurance (a percentage of costs), a deductible (a fixed amount paid before insurance coverage begins), and a subsidy (financial assistance to help pay for insurance).

A Fixed Amount of Money That Someone with Insurance Must