Which of the following is the percentage of each medical bill (e.g.,20%)that the patient pays rather than a flat dollar amount?

Question

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Coinsurance is the percentage of each medical bill that the patient pays, rather than a flat dollar amount. Copayment is a fixed amount paid by the patient for each medical service or prescription drug. Premium is the amount paid by the patient to the insurer for health insurance coverage. Deductible is the amount that the patient has to pay out of pocket before the insurance company starts covering the costs.

Which of the Following Is the Percentage of Each Medical