Copayment

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August 31, 2024 4 min read Definitions

Copayment: Fixed Amount Paid for Healthcare Services

Insurance Healthcare Copayment Health Insurance Fixed Payment Medical Costs Healthcare

A copayment is a specific dollar amount paid for a covered healthcare service at the time of service. It is a fixed amount paid by the insured for specific healthcare services.

August 31, 2024 3 min read Definitions

Copayment (Copay): A Fixed Fee for Insured Services

Insurance Finance Copayment Health Insurance Finance Terms Deductibles Healthcare

A fixed fee paid by the insured for certain services, such as a visit to a therapist, often after the deductible has been met.