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vova2212 [387]
3 years ago
12

Understand payments involved with insurance. is a monthly payment is a payment to the policy is a payment to the doctor is a fix

ed payment for treatment
Business
2 answers:
irina [24]3 years ago
6 0

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 <em>monthly, semi-annual or annual basis.</em> 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<em> "specified"</em> and is often given during the<u> time of service</u>. So, this is not only a payment to the doctor because<em> it can be charged once a patient visits a doctor or buys a prescription drug.</em>

So, this explains the answers.

zzz [600]3 years ago
6 0

Answer:

Premiums - monthly payment, payment to the policy

Co-pays - fixed payment, payment to the doctor

Explanation:

#platofam

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and

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Cash collection budgeted June = May credit Sales + June cash sales

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