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

So that’s a pretty long runway—create a copay for adults who are undocumented in 2027.

From Slate

Even middle-class people who can afford a copay struggle to find the time to do so.

From Salon

Previously, most people could get the vaccine, often with no copay, by breezing into a pharmacy while grocery shopping.

From Salon

Nikole Benders-Hadi, chief medical officer of Talkspace, said patients often can use their insurance to get therapy on the platform, at a typical cost of a $10 copay.

From Los Angeles Times

In fact, insurance companies typically set coinsurance and copay amounts based on a drug's original list price, not the negotiated price.

From Salon