CARD Q067
A plan charges $30 for a covered office visit regardless of the visit’s allowed charge. What is this $30 payment?
- Benefit period
- Copayment
- Coinsurance
- Premium
Copayment
A copayment is a fixed amount. Coinsurance is a percentage of the covered amount.
Why each choice is right or wrong
A. Benefit period
Incorrect. A benefit period measures time, not a fixed visit payment.
B. Copayment
Correct. A copayment is a fixed amount. Coinsurance is a percentage of the covered amount.
C. Coinsurance
Incorrect. Coinsurance is a percentage rather than a flat $30.
D. Premium
Incorrect. A premium buys coverage; this payment is triggered by the visit.
Review the related terms
Use these lessons to revisit the concepts and try additional practice questions.