copay
[ koh-pey ]
/ ˈkoʊˌpeɪ /
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noun
a small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription.
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Also called copayment [koh-pey-muhnt]. /ˈkoʊˌpeɪ mənt/.
Origin of copay
1970–75
Words nearby copay
coparcenary, coparcener, co-parent, copartner, copartnership, copay, copayment, COPD, cope, copeck, Copehan
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
How to use copay in a sentence
That’s because Bristol Myers Squibb, the manufacturer, paid her insurance deductible and copays for the drug.
Seniors face steep drug costs as Congress stalls on capping Medicare out-of-pockets|lbelanger225|December 28, 2020|FortuneThe only way he can afford Imbruvica is through the manufacturer’s copay cards.