Copayment is the provision under which the insured pays a flat dollar amount each time a covered medical service is received- True.
An insured person's fixed out-of-pocket expense for covered services is known as a copay. The majority of health insurance plans include it as standard. For services like doctor visits or prescription medications, insurance carriers frequently impose copay.
Copay are normally paid at the time of service and are a set dollar amount rather than a portion of the bill. Not all medical procedures require a payment. For instance, some insurance providers don't demand a copay for yearly physicals.
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