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.

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Etymology

Origin of copay

1970–75

Example Sentences

In that case, the particulars of how each medication is covered—whether it’s a copay or coinsurance, for example—don’t matter.

From Barron's

For patients who have to pay the full price or a copay based on a percentage of list price, the price cuts will mean lower costs.

From The Wall Street Journal

Patients with insurance who pay a fixed monthly copay might not see much of a change.

From The Wall Street Journal

“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