Claim - A request made by the insured individual to the insurance company to pay for services that were administered by a medical professional...
Copayment - A method of shared payment between the insurance company and the insured patient. The patient pays a specific dollar amount toward the cost of a medical service, and the insurance company is obligated to pay the rest of the bill. Different types of medical services can carry different copay amounts...
Visit the health insurance glossary to find definitions and explanations of common health insurance related terms.