Does a co-payment (co-pay) increase risk for the insurer or the insured? Explain.(1 point)

Question

Responses

A co-pay increases risk for the insurer because they will have to pay part of the bill (up to the amount of the co-pay) every time the insured visits the service provider.
A co-pay increases risk for the insurer because they will have to pay part of the bill (up to the amount of the co-pay) every time the insured visits the service provider.

A co-pay increases risk for the insured because they will have to pay the amount of the co-pay every time the they visit the service provider.
A co-pay increases risk for the insured because they will have to pay the amount of the co-pay every time the they visit the service provider.

A co-pay increases risk for the insured because they will have to pay part of the bill (up to the amount of the co-pay) every time they visit the service provider.
A co-pay increases risk for the insured because they will have to pay part of the bill (up to the amount of the co-pay) every time they visit the service provider.

A co-pay increases risk for the insurer because they will have to pay the amount of the co-pay every time the insured visits the service provider.

Answer 1

A co-pay increases risk for the insured because they will have to pay the amount of the co-pay every time they visit the service provider. This financial responsibility can increase the cost of healthcare for the insured and may act as a barrier to seeking care, particularly if the co-pay is high. The insurer's risk is mitigated by the co-pay, as it limits the amount that the insurer has to pay for each visit. Therefore, the correct response is:

A co-pay increases risk for the insured because they will have to pay the amount of the co-pay every time they visit the service provider.