nelsonmar56 nelsonmar56

13-10-2020
Mathematics

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What is the difference between a copay and coinsurance?

What is the difference between a copay and coinsurance class=

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Keke2300 Keke2300

13-10-2020

Answer:

A deductible is the amount you pay for a service before the plan shares the cost of the service with you. A copay is a set amount you pay for the service. Coinsurance is when you pay a percentage of the cost for an item or service.

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