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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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use copay in a sentence

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