copayment

American  

[koh-pay-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

See Examples For:

copayment

Medicare copayment for eligible beneficiaries will be $50.

From Barron's ● Nov. 6, 2025

Also, in a number of plans, medications that now come with a flat copayment will next year require “coinsurance,” a charge that represents a percentage of the medication’s total cost.

From The Wall Street Journal ● Oct. 15, 2025

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

Some Medicare Advantage plans, which are an alternative to original Medicare, might opt to continue covering them without a copayment.

From Seattle Times ● Feb. 13, 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