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Copayment

Copayment is often referred to as “copay”, a fixed-dollar amount an insured is required to pay to receive services, e.g., $35 for a doctor’s visit, $15 for a prescription. Normally, doctor visit services subject to a copayment are not subject to a deductible (check your plan for details). Prescription drug copays may first require a deductible to be met.

Note: These definitions are provided only to give you a general understanding of how these words are sometimes used by health insurance companies. Please refer to your coverage documents for a complete list of defined terms that apply to your specific coverage.
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