Explain why an individual may prefer insurance with a co-payment rather than insurance without any co-payment? What is the preference of those in your own organization?© BrainMass Inc. brainmass.com June 4, 2020, 4:01 am ad1c9bdddf
It is not always the individual who makes this decision, often it is the company they work for that decides what will be offered (if they have employer-sponsored benefits).
Basically, insurance with a co-payment is less expensive than without. The least expensive medical plans have a co-payment and a large deductible. As a rough example, a policy that has a $50 co-payment and $1000 deductible (the amount the patient must pay before the insurance covers) ...
This solution discusses some financial aspects of why a company or individual might chose an insurance plan with co-payment versus one without.