Which of the following best explains the difference between a deductible and a copay?
A deductible is paid only for the first visit and a copay for every visit.
A deductible is the monthly fee for insurance, and a copay is for office visits.
A deductible means the insurance company pays the entire amount, whereas a copay is the patient’s share.
A deductible is a set amount for medical expenses, and a copay is a set amount for specific services.