A Copayment Differs from a Deductible in That the Copayment

question 59

True/False

A copayment differs from a deductible in that the copayment typically requires you to pay a specific dollar amount each time you have a specific covered expense item.

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Definitions:

PLC System

A PLC system (Programmable Logic Controller) is a digital computer used for automation of electromechanical processes, such as control of machinery on factory assembly lines.

Programming Terminal

A combination of keyboard and monitor used to insert, modify, and observe programs stored in a PLC.

Preventive Maintenance

Scheduled maintenance activities designed to prevent equipment failures before they occur.

I/O Field Devices

Input/Output devices located in the field of an automated system that directly interact with the physical process, such as sensors and actuators.