2/11/2024 0 Comments Copay with deductible meaning![]() Understanding the concept of copay will help you to know the reason behind this clause and how much you have to contribute to your medical bills. Copay health insurance, however, is the fixed amount to be paid for the availed medical services. The percentages are usually represented as 90-10, 80-20, or 30-70 and so on, depending upon the clause. In a co-insurance contract, both the insurer and insured enter into an agreement where each party agrees to pay a fixed percentage of the medical bill. In India, the terms copay insurance and co-insurance are used interchangeably. Ensure that you compare a policy with a co-pay with other general health insurance policies and see how the premiums vary. ![]()
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