HSC 310 - Exam 3 Study Guide with Complete Solutions
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Course
2024/2025
Institution
2024/2025
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? $$$ - Answer-Typically $500-...
HSC 310 - Exam 3 Study Guide with
Complete Solutions
Deductible definition - Answer✔✔-The amount the insured must first pay before any benefits
by the plan are payable
Forms of Cost Sharing - Answer✔✔-Deductible
Copayment
Coinsurance
How much is a typical deductible? $$$ - 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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