copayment

[ koh-pey-muh nt ]
/ koʊˈpeɪ mənt /

noun

a contributory payment by an employer, usually matching that of an employee, toward the payment of health-care or life-insurance premiums, a pension fund, etc.

Origin of copayment

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for copayment

copayment

/ (kəʊˈpeɪmənt) /

noun

a fee paid by a subscriber to a service for the use of additional services not covered by the subscription
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012