Medical Fees Quiz

Every time Cari goes to her doctor or picks up a prescription, she pays $30. What is that fee called?

Dove’s insurance company says she’ll pay 20% of all costs after meeting her deductible. What is the term for that 20%?

• Premium

• Copayment

• Coinsurance

• Deductible

You have renters insurance with a $10 monthly premium and a $750 deductible. A thief breaks into your apartment and steals your computer, valued at $770. How much would your insurance company pay?

• $770

• $750

• $20

• $0

This term describes the most you’ll need to pay for covered services in a year. After this amount, your insurance will pay for everything.

• Deductible

• Premium

• Out-of-pocket maximum

• Copayment

You pay this fixed cost monthly to keep your insurance coverage active.

The amount you must pay out of pocket before your insurance starts covering costs.