Questions and Answers
What is the purpose of coinsurance in an insurance policy?
To provide a fixed percentage of the cost that the patient is responsible for paying
How does coinsurance differ from a copayment?
Coinsurance is a percentage, while a copayment is a fixed dollar amount
Which of the following is an example of coinsurance?
The insurance company pays 80% of the cost of a service, and the patient pays the remaining 20%
How does coinsurance affect the patient's out-of-pocket costs for medical services?
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Which of the following is a key purpose of coinsurance in insurance plans?
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How does coinsurance differ from a deductible in an insurance plan?
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What is the purpose of coinsurance in health insurance plans?
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How does coinsurance differ from a deductible in health insurance plans?
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If a health insurance plan has an 80/20 coinsurance rate, what does this mean?
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How does coinsurance affect a patient's out-of-pocket costs for covered healthcare services?
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What is the purpose of a coinsurance maximum or out-of-pocket maximum in a health insurance plan?
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How does coinsurance apply when a patient receives services from an out-of-network provider?
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What is the role of a medical assistant in preparing health care claims?
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Which of the following is NOT a basic insurance terminology term?
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In an insurance contract, who is the 'first party'?
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What is the primary responsibility of a medical assistant regarding health care claims?
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Which of the following is NOT a participant in an insurance contract?
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What is the purpose of a 'lifetime maximum benefit' in an insurance policy?
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