The Differences Between Co-Pay, Deductible, and Co-Insurance
Co-pay? Deductible? Co-Insurance? I pay those three plus paying my health insurance monthly premium? That doesn't sound fair!A co-pay is the amount of money you pay when you are seen by a doctor. A doctor visit may cost $200 but if you have a $10 co-pay option, then all you pay is $10.If you don't have a co-pay option you will pay the full $200 and that amount will be applied to your deductib