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What is a capped budget and co payment?

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What is a capped budget and co payment?

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  1. A capped budget:  You have a certain amount of money that you can spend.  You cannot go over that certain amount, because it is capped at whatever amount is indicated.

    Co-Payment:  If you have a co-payment, that would be the amount that you are responsible for before your insurance pays their portion.

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