Out-of-pocket costs of health care to consumers are mostly in the form of

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Out-of-pocket costs for health care to consumers are mostly in the form of copayments and deductibles. Copayments refer to the set amount of money paid by an individual at the time of service or prescription, while deductibles are the annual amount an individual pays before the insurance coverage kicks in. Premiums refer to the amount of money individuals pay every month for their health insurance coverage, but these are not considered as out-of-pocket costs as they are paid regardless of whether any health care services are utilized.

Out-Of-Pocket Costs of Health Care to Consumers Are Mostly in the Form