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HSC 310 - Exam 3 Study Guide with Complete Solutions $9.99   Add to cart

Exam (elaborations)

HSC 310 - Exam 3 Study Guide with Complete Solutions

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HSC 310 - Exam 3 Study Guide with Complete Solutions Deductible definition - Answer-The amount the insured must first pay before any benefits by the plan are payable Forms of Cost Sharing - Answer-Deductible Copayment Coinsurance How much is a typical deductible? $$$ - Answer-Typically $500-...

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  • October 16, 2024
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HSC 310 - Exam 3 Study Guide with
Complete Solutions

Deductible definition - Answer✔✔-The amount the insured must first pay before any benefits

by the plan are payable


Forms of Cost Sharing - Answer✔✔-Deductible


Copayment


Coinsurance


How much is a typical deductible? $$$ - Answer✔✔-Typically $500-$1500


Is a deductible a form of cost sharing? - Answer✔✔-Yes


Copayment definition - Answer✔✔-Flat fee for each office visit or encounter


Is a copayment a form of cost sharing? - Answer✔✔-yes


How much is a typical copayment? - Answer✔✔-Office visit $30-$50


ED $150-$200


Coinsurance definition - Answer✔✔-Set percentage of costs the insured must pay after the

deductible has been met


Is coinsurance a form of cost sharing? - Answer✔✔-Yes
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