A negotiated set amount that a patient pays for certain services is a

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A copayment is a negotiated set amount that a patient pays out of pocket for certain healthcare services. It is usually a flat fee and is typically required at the time of service. Premiums are the monthly or yearly fees paid to an insurance company for healthcare coverage. Fixed indemnity is a predetermined sum of money paid out regardless of the actual cost of healthcare services received. Deductibles are the amount a patient must pay out of pocket before insurance coverage kicks in.

A Negotiated Set Amount That a Patient Pays for Certain