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Cricks Insurance Ter

HSE Insurance Terminology

QuestionAnswer
What name describes a payment that one pays to an insurer in order to obtain insurance? Premium
What is the amount of money that must be paid by the patient for medical care BEFORE the insurance will begin coverage? deductible
What do you call insurance that requires you to pay a certain percentage of your medical bills- the insurance will then pay the balance? Co-insurance
What is a fee that is paid for a particular service regardless of the total amount of the visit? co-payment
Created by: russcrick
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