8. What is the difference between a copay and coinsurance? a. Copay is typically a percentage of the health care service, coinsurance is a flat fee b. Copay is typically a flat fee, coinsurance is a percentage of the health care service c. Copay is paid by the individual when receiving a health care service, coinsurance is paid by the insurance company

8. What is the difference between a copay and coinsurance? a. Copay is typically a percentage of the health care service, coinsurance is a flat fee b. Copay is typically a flat fee, coinsurance is a percentage of the health care service c. Copay is paid by the individual when receiving a health care service, coinsurance is paid by the insurance company

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter12: Life Insurance Planning

Section12.3: Understanding Your Life Insurance Policy

Problem 6CC

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Question

8. What is the difference between a copay and coinsurance?
a. Copay is typically a percentage of the health care service, coinsurance is a flat
fee
b. Copay is typically a flat fee, coinsurance is a percentage of the health care
service
c. Copay is paid by the individual when receiving a health care service, coinsurance
is paid by the insurance company

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