copay

[ koh-pey ]

noun

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

Word History and Origins

Origin of copay¹

1970–75

Example Sentences

A doctor could take that bottle of medication, tack on a $10 markup, and offer it for a cash price that’s still lower than it might be at a local pharmacy—and lower than some insured people’s copays.

From Popular-Science

Gauvin had access to the latest cancer treatments with zero deductibles or copays—including an intensive surgery that allowed him to keep working.

From Popular-Science

Some patients who receive the treatment may be charged similar amounts for copays and administration fees, depending on what a hospital charges and what their insurance covers.

From The Daily Beast

That’s because Bristol Myers Squibb, the manufacturer, paid her insurance deductible and copays for the drug.

From Fortune

The only way he can afford Imbruvica is through the manufacturer’s copay cards.

From Fortune