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Frequent Contributor
Posts: 114
Registered: ‎26-07-2016

What does it mean about waiver of Mandatory CO-Pay in health Insurance Policy?

What does it mean about waiver of Mandatory CO-Pay in health Insurance Policy?

3 REPLIES 3
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Neha
Contributor
Posts: 21
Registered: ‎12-04-2017

Re: What does it mean about waiver of Mandatory CO-Pay in health Insurance Policy?

It means if there is  Mandatory Co-Pay then it can be waived off  by paying extra Premium 

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Shashikant Nimbre
Occasional Contributor
Posts: 9
Registered: ‎09-05-2017

Re: What does it mean about waiver of Mandatory CO-Pay in health Insurance Policy?

Need to pay extra premium for waiver of Co pay in health insurance policy.

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nikhil
Occasional Contributor
Posts: 18
Registered: ‎31-03-2016

Re: What does it mean about waiver of Mandatory CO-Pay in health Insurance Policy?

A co-payment is a cost-sharing system under a health insurance policy that states that the policyholder/insured will bear a specified percentage of the admissible claim amount every time they make a claim. A co-payment does not reduce the Sum Insured.