Question

The split payment shared by a subscriber and a health plan is called _____.

Answer 1

The split payment shared by a subscriber and a health plan is called coinsurance. Coinsurance is when an insurance policyholder pays a percentage of a loss, and the insurance company pays the remaining cost.

Step-by-step explanation:

The split payment shared by a subscriber and a health plan is called coinsurance. Coinsurance is when an insurance policyholder pays a percentage of a loss, and the insurance company pays the remaining cost.

For example, if an individual has health insurance with a coinsurance rate of 20%, they would have to pay 20% of the medical costs, while the insurance company would cover the remaining 80%.

Coinsurance is a form of cost-sharing that helps distribute the financial responsibility between the subscriber and the health plan.