copayment

(redirected from Out-of-pocket expenses)
Also found in: Dictionary, Legal, Financial, Idioms, Wikipedia.

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.
References in periodicals archive ?
An individual in poor health in a low tax bracket (lower left) will have their out-of-pocket expenses capped annually.
For many corporations, implementing a GMRP could solve many of the out-of-pocket expense concerns of a great number of their employees.
In addition, it estimates the percent of workers receiving health care benefits who are required to pay certain levels of out-of-pocket expenses.
medical officer with the CMS Center for Beneficiary Choices, told the council that there are circumstances in which out-of-pocket expenses would be covered: Payments made by qualified state pharmaceutical assistance programs toward copays or other cost-sharing would count toward true out-of-pocket expenses, for example, in terms of reaching the $3,600 out-of-pocket limit before reinsurance, he said.
Only out-of-pocket expenses qualify for the credit, including loans, gifts, bequests, devises or inheritances (defined in Sec.
Letter Ruling (TAM) 9432002 provided that out-of-pocket expenses not charged to a client and not to be reimbursed may be deducted in the year it is determined not to bill the client.
At a time when everyone - employers, insurers and consumers alike - are to limit their out-of-pocket expenses, "managed care," also deemed "managed cost," has become the policy of choice when buying health insurance.
One of the issues the examining agent generally looks for is the firm's deduction of out-of-pocket expenses it has paid on behalf of its clients.