What Is a Copay? Copayment Definition & How It Works - MetLife A copay, or copayment, is a fixed amount you pay upfront for health services under your health insurance plan. This fee varies by service type—such as doctor visits or prescription drugs—and...
A copay, also called a copayment, is a fixed amount you pay for a covered health care service. Learn how copays work and how they compare to other costs. What is a Copayment? A copayment, commonly known as a copay, is a predetermined, fixed amount you pay when you receive specific healthcare services or medications.
copay def, For instance, you might pay $25 for a primary care visit or $10 for a generic prescription. A copay, or copayment, is a fixed fee you pay for a service covered by your health insurance plan. A copay (or copayment) is a flat fee that you pay on the spot each time you go to your doctor or fill a prescription. For example, if you hurt your back and go see your doctor, or you need a refill of your child's asthma medicine, the amount you pay for that visit or medicine is your copay. What is a copayment?
copay def, A copayment, also called a copay, is a set dollar amount a patient pays for medical expenses. Not all health plans use copays. For those that do, copays apply to certain services, while other services will typically be counted toward the deductible instead. A patient's copayment or copay is the patient's share of the cost for goods or services rendered, with the other share ("co" = with) paid by the patient's insurance company.
