Insurance Terminology Flashcards
(4 cards)
1
Q
What is this: specific amount of money a patient must pay out of pocket before the insurance carrier begins paying
A
Deductible
2
Q
What is this: amount of money that is paid at the time of medical service
A
copayment
3
Q
what is this: maximum amount a third-party payer will pay for a particular procedure or service
A
allowed amount
4
Q
A
