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21 February, 05:01

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

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  1. 21 February, 06:02
    0
    Premiums - monthly payment, payment to the policy

    Co-pays - fixed payment, payment to the doctor

    Explanation:

    #platofam
  2. 21 February, 07:34
    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 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.
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