Insurance
Medical Co-Pay and Deductible Collected
Collecting the insured's co-payment share directly from the hospital network.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Co-Pay Receivable (from Hospital) | Asset (+) | 150.00 | - |
| Claims Expense (Gross Reduced) | Expense (-) | - | 150.00 |
💡 Accountant's Note
Co-payments and deductibles are the insured's share of each claim. In direct billing networks, the hospital collects the co-pay and remits confirmation to the insurer. This reduces the net claims cost.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.