copayment

American  

[koh-pey-muhnt] / koʊˈpeɪ mənt /

noun

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

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copayment British  

/ kəʊˈpeɪmənt /

noun

1. a fee paid by a subscriber to a service for the use of additional services not covered by the subscription

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Etymology

Origin of copayment

co- + payment

Example Sentences

But to gain access to the Medicare market, the company has agreed to sell either drug for $245 plus a $50 patient copayment.

From The Wall Street Journal • Nov. 13, 2025

Medicare copayment for eligible beneficiaries will be $50.

From Barron's • Nov. 6, 2025

An additional three states and the District of Columbia require coverage of over-the-counter contraception without a prescription but don’t specify whether a copayment may be required.

From Seattle Times • Jul. 23, 2023

Even if an employer were to add a 20% copayment for the worker, it would reduce overall spending by less than one-tenth of 1%, according to the study.

From Scientific American • Mar. 31, 2023

Meanwhile, CMS this year added a billing code for longer "virtual check-ins" — 11- to 20-minute calls — with payment set at about $27 a pop, with the patient contributing 20% in copayment.

From Salon • Dec. 19, 2021