Match the term with the correct definition. 1. premium 2 a fixed fee that a health insurance plan requires in order to receive a specific medical service or supply 2. deductible 4 the set amount an insured individual must pay for covered health care services before the insurance plan starts to pay 3. coinsurance 1 the amount an individual or business must pay for an insurance policy 4. copayment 3 the percentage of the cost of a covered health care service an insured individual pays after meeting the deductible 5. out-of-pocket costs 5 the expenses of medical care that are not reimbursed by the insurance company
