If a person must pay 20% of a covered health care expense, this is called their

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Quizplus · Accepted Answer

Co-payment is the fixed amount (usually a percentage) an insured person must pay for a covered health care service, while the insurer pays the remaining cost. A deductible is the amount an insured person must pay out of pocket before their insurance coverage kicks in. Lifetime maximum is the maximum amount of money an insurance provider will pay for an individual's medical expenses over their entire lifetime. Maximum out-of-pocket is the maximum amount of money an insured person will pay for covered health care expenses during a specified period (typically a year). Therefore, option A (co-payment) is the best choice because it specifically refers to the 20% amount that an individual must pay for a covered expense.

If a Person Must Pay 20% of a Covered Health