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  • 02-09-2020
  • Business
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What type of copayment is it when the insurance policy requires a copayment of $20 on all care transactions

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jepessoa
jepessoa jepessoa
  • 02-09-2020

Answer:

flat rate copay

Explanation:

Copay is generally a fixed amount or a fixed percentage of the medical expense that an insured must pay in order to receive medical attention or services. For example, every time I go to a doctor I pay $40, but if I need other specialized services it ranges from $80 - $120. In this case, this copay is fixed (always $20), so it is considered a flat rate copay.

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