A set fee that an insurance plan requires that patients pay at the time of service (per office visit or prescription)is the

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A copayment is a fixed amount that patients pay for each visit to a health care provider or for each prescription medication. It is usually a small fee and is required at the time of service. Coinsurance refers to the percentage of costs for medical services that the patient is responsible for paying after the deductible has been met. A deductible is the amount that patients must pay before their insurance policy begins to cover the costs of their medical care. A premium is the amount that patients pay for their insurance policy on a regular basis, such as monthly or annually.

A Set Fee That an Insurance Plan Requires That Patients