An out-of-pocket fee paid by a person with health insurance at the time a covered service is received.

• A. Deductible
• B. Copay
• C. Premium
• D. Coinsurance

Answer: (B)

An upfront fixed amount paid at the time you receive a covered service is a copay. It’s a set fee chosen by the insurer and applied per visit or service, regardless of the total charge. This differs from a deductible, which is the amount you must pay out of pocket before the insurer starts covering most services. Coinsurance is the share of costs you pay after meeting the deductible, usually a percentage. Premium is the regular payment you make to maintain the insurance policy, not a per-visit charge. So the described fee is a copay.