Exploring Co-Payment with Care Health Insurance

Care Health Insurance explains that co-payment in health insurance is a condition where the policyholder pays a fixed percentage of the claim amount, while the insurer covers the rest. For example, with a 20% co-payment on a ₹1 lakh bill, the policyholder pays ₹20,000 and the insurer pays ₹80,000. Co-payment percentages can vary between plans and services. Understanding co-payment helps in making informed decisions about health coverage and managing expenses. Care Health Insurance advises reviewing policy terms carefully to choose the best coverage for individual needs, making health insurance more accessible and encouraging responsible healthcare usage.