Question

Which of the following is a fixed amount per visit and is typically paid at the time of medical services?

1) Deductible
2) Co-payment
3) Premium
4) Out-of-pocket maximum

Answer 1

A co-payment is a fixed amount that is typically paid at the time of medical services.

Step-by-step explanation:

A co-payment is a fixed fee that an insurance policy-holder must pay at the time of medical services. It is a predetermined amount that is typically paid for each visit. Unlike deductibles or coinsurance, the co-payment is a fixed fee and does not depend on the cost of the service.