What is a common feature of both co-payments and deductibles?

A common feature of co-payments and deductibles is that they are both costs associated with insurance coverage. This means that they represent out-of-pocket expenses that policyholders must pay for healthcare services before their insurance coverage applies fully.

Co-payments are fixed amounts that an insured individual pays for specific services at the time those services are rendered, such as doctor visits or prescription medications. Deductibles, on the other hand, are the amounts a policyholder must pay out of pocket for covered health care services before the insurance company starts to pay its share.

While both co-payments and deductibles require the insured to spend money on healthcare, they function differently in the context of how and when these costs are incurred, but they nonetheless reflect the costs that come with utilizing insurance coverage.