United Health Coverage (UHC) Medicare Basics Practice Test

Unlock All Questions

This demo only has 20 questions.

Our premium plan gives you access to hundreds of questions, flashcards, and exam simulations.

Unlock All Questions

Question: 1 / 20

What is the main difference between a copayment and coinsurance?

A copayment is a percentage of costs

A copayment is a fixed cost

The primary distinction between a copayment and coinsurance lies in how they are structured in relation to healthcare expenses. A copayment, which is a fixed cost, is a predetermined amount that a patient is required to pay for a specific medical service, such as a doctor's visit or a prescription medication. This amount remains consistent regardless of the total cost of the service, making it predictable for budgeting healthcare expenses.

In contrast, coinsurance involves paying a percentage of the total cost of a service after meeting deductibles. This means that the more expensive the service, the higher the out-of-pocket cost for the patient, as it directly corresponds to the service's overall price.

Understanding this difference is crucial for individuals navigating health insurance plans, as it impacts their financial responsibility and influences their decisions regarding care utilization.

Coinsurance is a flat fee for all services

There is no difference

Next Question

Report this question

Download United Health Coverage (UHC) Medicare Basics Practice Test PDF Study Guide
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy