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    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?

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    https://brainmass.com/health-sciences/copayment-health-insurance-546710

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    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) ...

    Solution Summary

    This solution discusses some financial aspects of why a company or individual might chose an insurance plan with co-payment versus one without.

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