What is the small payment you make upfront when you see a doctor or dentist called?

What is the small payment you make upfront when you see a doctor or dentist called?

• A. Co-Pay
• B. Deductible
• C. Premium
• D. Coinsurance

Answer: (A)

The main idea here is how health insurance shares the cost of care. The small upfront payment you make when you see a doctor or dentist is a co-pay. It’s a fixed amount paid at the time of the visit (for example, a set dollar amount per visit), with the insurer covering the rest of the cost according to your plan. This is different from a deductible, which is the amount you must pay out of pocket before the insurer starts paying for most services in the year. It’s also different from a premium, which is the regular amount you pay to keep the insurance policy active, and from coinsurance, which is the percentage you pay of a cost after you’ve met your deductible. Co-pays give you a predictable, upfront cost for a visit.

The main idea here is how health insurance shares the cost of care. The small upfront payment you make when you see a doctor or dentist is a co-pay. It’s a fixed amount paid at the time of the visit (for example, a set dollar amount per visit), with the insurer covering the rest of the cost according to your plan. This is different from a deductible, which is the amount you must pay out of pocket before the insurer starts paying for most services in the year. It’s also different from a premium, which is the regular amount you pay to keep the insurance policy active, and from coinsurance, which is the percentage you pay of a cost after you’ve met your deductible. Co-pays give you a predictable, upfront cost for a visit.