Health and Life Insurance

Answer: A - When an insured visits their doctor for an annual check-up, typically the cost of their copayment, or co-pay, will be paid at the time of the office visit. The remaining balance will then be invoiced to the health insurance company as an ordinary office visit claim. Copayments should not be confused with deductibles, which represent the amount that an insured must pay out-of-pocket for expenses before the insurance company will cover the remaining costs.