Question

Understand payments involved with insurance. is a monthly payment is a payment to the policy is a payment to the doctor is a fixed payment for treatment

Answer 1

Answer with Explanation:

The questions are related to "premiums" and "co-pays."

Insurance "premiums" are payments to the policy. This can be paid on a monthly, semi-annual or annual basis. So, this means it doesn't only cover monthly payments. This also means that a person who is availing of this will be charged according to the insurance policy.

"Co-pay" is a fixed payment for treatment. This means that the amount of money a person will pay is "specified" and is often given during the time of service. So, this is not only a payment to the doctor because it can be charged once a patient visits a doctor or buys a prescription drug.

So, this explains the answers.

Answer 2

Answer:

Premiums - monthly payment, payment to the policy

Co-pays - fixed payment, payment to the doctor

Explanation:

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