Chapter 49 Third Party Billing (TECH) Q&A (1 OF 8) Sample Questions

1. In a patient cost sharing plan, when a patient has to pay a specified amount of the cost of prescriptions and a third party will pay the remaining cost of prescriptions, it is known as:
  1. A. Co-payment
  2. B. Co-insurance
  3. C. Deductible
  4. D. Retrospective payment
Answer
Ans: A
Tips: Specified amount is co-payment. On the other hand, variable cost sharing is co-insurance.