Which of the following refers to a percentage patients pay after their deductible is met?

The term that refers to the percentage of costs that patients are required to pay after their deductible has been met is known as coinsurance. In a health insurance plan, a deductible is an amount that the insured must pay out-of-pocket before the insurance begins to cover costs. After the deductible has been satisfied, coinsurance kicks in, which is generally expressed as a percentage of the covered medical expenses. For example, if a plan has a coinsurance rate of 20%, the insured would be responsible for paying 20% of any further eligible expenses, with the insurance covering the remaining 80%.

Understanding this distinction is crucial for managing healthcare expenses effectively, as it helps patients anticipate their financial responsibilities within their insurance policies. The other terms listed, such as co-payment (a fixed amount paid for a specific service), premium (the monthly fee for maintaining the insurance coverage), and deductible (the initial amount to be paid before coverage starts), serve different functions in the insurance payment structure and do not represent the percentage payment made after reaching the deductible.