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

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.

kasliwalalvi24 kasliwalalvi24 · Answer 2 · 2021-12-18T11:08:28+01:00

Insurance is defined as the protection of assets from financial loss. It is an arrangement by which a state or corporation undertakes the guarantee for specified loss.

The correct answer is:

Option B. It is a payment to the policy

Insurance can be defined as:

Insurance is defined as the payments to the policy. It can be paid annually, twice a year, or monthly. The individual wants to avail of the charges according to the insurance policy.

The co-pay is a fixed payment treatment. The amount a person will be paying is fixed and have to be deposited during the time of service.

Thus, the correct answer is the payment given to the policy.

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