A Set Fee That an Insurance Plan Requires That Patients

question 9

Multiple Choice

A set fee that an insurance plan requires that patients pay at the time of service (per office visit or prescription) is the

• A)coinsurance.
• B)copayment.
• C)deductible.
• D)premium.

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Definitions:

Equity Securities

Financial instruments representing ownership interest in a corporation, such as stocks.

Debt Investments

Financial assets involving lending money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Face Value

The nominal or dollar value printed on a bond, share, or other financial instrument, representing its value at issuance.