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copayment
(redirected from copay)

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.
co·pay·ment (kpmnt)
n.
A fixed fee that subscribers to a medical plan must pay for their use of specific medical services covered by the plan.

copayment
[kō′pāmənt]
(in the United States) an amount paid by a health insurance plan enrollee for each office or emergency department visit or purchase of prescription drugs in addition to the amount paid by the insurance company. See also deductible.

copayment,
n the beneficiary's share of the dental professional's fee after the benefits plan has paid.


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About 30% said the preferred medication could not be prescribed because it was not approved or because the patient could not afford the copay.
This of course, makes it virtually impossible to accurately collect a copay at the time of service.
Care was free except for a $7 copay for each doctor's visit.
 
 
 
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