Final answer:
A specified dollar amount paid by the patient for each visit to a provider is a Copayment.
Step-by-step explanation:
A specified dollar amount paid by the patient for each visit to a provider is a Copayment. A copayment is a flat fee that an insurance policy-holder must pay before receiving services. It is a form of cost-sharing that helps reduce moral hazard by requiring the insured party to bear some of the costs before collecting insurance benefits.