What Are Fixed Amounts That the Insured Must Pay When

question 44

Multiple Choice

What are fixed amounts that the insured must pay when receiving a medical service or filling a prescription?

• A) copayments
• B) deductibles
• C) negotiated fees
• D) coinsurance
• E) premiums

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Definitions:

Current Liabilities

Short-term obligations that will be paid or settled within the coming year in cash, goods, other current assets, or services.

Gross Profit Percentage

A financial metric that shows the proportion of profit a company makes after subtracting the cost of goods sold from its total revenue.

Net Sales Revenue

The amount of revenue generated from sales after deducting returns, allowances for damaged goods, and discounts.

Earnings Per Share

A financial ratio that measures the amount of a company's net income allocated to each outstanding share of common stock.