What are copay, coinsurance, and out-of-pocket expenses?

sunithajagtap
1y
ex -
Deductible is the fixed amount of money that needs to be paid by the insured for medical expenses
Libu Sebastian s
1y

Copay is a member responsibility it's amount which need to paid from member to provider

Rajesh Khanna
1y

Copay is a fixed amount in other words we can call as a consultation fees, coins is a fixed sum of percentage amount, if we pay 20% of coins remaining 80% company will pay.. out of pocket is reaching ...read more

Surendra Shukla
1y

Copays and coinsurance apply to several forms of insurance, including health, vision, and dental. The easiest way to remember the difference between a copay and coinsurance is this: Copayments are fix...read more

Venkatesh G
2y

As per corporate companies policy some persentage of the amount paid by the insured.

Venkatesh G
2y

It's depends on company policy T&C, example 25% co pay applicable on sum insured

Arham Muhammed Afzal Silotry
2y

Copay-paid each time you visit your doctor, or fill a prescription
Out of pocket-The amount of money a patient pays for medical expenses that are not covered by a health insurance plan.

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Optum Global Solutions Claims Associate interview questions & answers

A Claims Associate was asked 2mo agoQ. What are claims in the context of insurance?
A Claims Associate was asked 3mo agoQ. Define group work.
A Claims Associate was asked Q. What is a copay?

Popular interview questions of Claims Associate

A Claims Associate was asked 2mo agoQ1. What are claims in the context of insurance?
A Claims Associate was asked 3mo agoQ2. Define group work.
A Claims Associate was asked Q3. What is a copay?

Top HR questions asked in Optum Global Solutions Claims Associate

A Claims Associate was asked 3mo agoQ1. Can you provide a self-introduction?
A Claims Associate was asked 7mo agoQ2. Explain your hobbies.
A Claims Associate was asked 8mo agoQ3. How can you contribute to this company?
Optum Global Solutions Claims Associate Interview Questions
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