copay

American  

[koh-pey] / ˈkoʊˌpeɪ /

noun

1. a small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription.

---

Etymology

Origin of copay

1970–75

Example Sentences

“When you go to urgent care, you pay a $75 copay, and they’re like, ‘it’s viral and there’s nothing we can do for you,’” Jespersen said.

From Salon

Zielinski noted that his automatic refills included only prescriptions that are covered by his drug plan without any copay, so he doesn’t have a strong financial motivation to slow the shipments.

From The Wall Street Journal

So, instead, I will save myself the insurance copay and opt for the cheaper choice: studying the maneuvers of one Ms. Goop.

From Salon

PBMs often negotiate how much health plans will pay for a prescription and recommend which drugs patients can get and how much their copay or other out-of-pocket charge will be.

From The Wall Street Journal

And for people on Medicare, the copay for Wegovy could be $50.

From MarketWatch