copayment

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copayment

(kō′pā′mənt)
n.
A specified sum of money that patients covered by a health insurance plan pay for a given type of service, usually at the time the service is rendered.

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.

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
A fixed or set amount paid for each health care or medical service; the remainder is paid by the health insurance plan. In common parlance, copay is the term used.
See also: coinsurance, cost sharing
Synonym(s): out-of-pocket costs, out-of-pocket expenses.

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
That portion of a dental care charge for which the patient herself, rather than a third party payor (i.e., insurer), is responsible.

copayment,

n the beneficiary's share of the dental professional's fee after the benefits plan has paid.
References in periodicals archive ?
Copay has existed in Bulgaria for ages, but people brought candy, chickens and eggs instead of money.
It is critical to cash flow to collect copays at the time of service and, in fact, it is a contractual obligation for the provider.
While employers may take upfront financial hits when waiving copays, opportunities abound for substantial long-term savings.
UnitedHealth Group, based in Minneapolis, has offered three-tiered copays for the past few years, according to Eric Bergen, the plan's vice president for pharmacy management.
At present, patients copay to hospitals for the stay, choice of medical team, medicines and dental treatments.
Based upon the combined information, pharmaceutical marketers will be empowered with information to make crucial modifications in the scope, handling and promotion of copay offset cards.
The biggest change, of course, is that premiums have increased substantially To help offset these costs, members with traditional plans have been forced to absorb more out-of-pocket risk in the form of higher copays, bigger deductibles, and increased coinsurance amounts.
The Connecticut-based HMO implemented Zero Dollar Copay for members using brand name cholesterol-lowering drugs, providing them with information about the program and waiving the first six months of co-payments for those members whose physicians changed their prescription to lovastatin, the generic form of Mevacor.
Percentage of Health Plans Offering Three-Tiered Copays Spring 1998 36% Fall 1998 52% Spring 1999 60% Fall 1999 67% Source: Scott-Levin surveys of health plans representing an estimated 56% of U.
The amount owed is equal to the total of the agreed-to-pay amount minus the copay (unless the copay is in addition to the agreed-to-pay fee) minus the risk pool deduction.
But the defined benefit and 50-50 copay proposed by former President Clinton and Sen.
BOSTON -- HighRoads, an industry leader in employer health care compliance and benefits management, today announced new 2010 research data which reveals average premiums for fully insured employers and the average copay costs by industry.