Which type of co-payment occurs when a patient has to pay a specific percentage of the cost of a medication?

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With percentage co-payments, patients must pay a predetermined percentage of the cost of a medication. The percentage a patient has to pay can vary, depending on the insurance company, and the patient's specific plan. A common percentage co-payment plan is one where the insurance company pays 80% of the cost of a medication, and requires the patient to pay the remaining 20% of the medication cost.

Which Type of Co-Payment Occurs When a Patient Has to Pay