A cost-sharing arrangement in which a member pays a specific charge for a specified service, such as $10 for an office visit The member is usually responsible for payment at the time the health car is rendered Copayments are flat or variable dollar amounts and coinsurance is a defined percentage of the charges for services rendered
Partial payment of certain medical costs that individual participants may be required to make under a health insurance policy For example, under your employer's health plan, you might have to pay $5 toward each prescription
The amount of money an employee, retiree, or covered dependent pays at the time service is rendered This money goes directly to the health care provider The amount of the copayment varies by plan
The set dollar amount that you pay for a service, such as an office visit The copayment will remain the same regardless of the provider's actual charges Generally, the copayment is due at the time services are received
A charge you pay for a specific medical service For example, you may pay $15 for an office visit or $10 for a prescription and your health plan pays the remainder of the medical charges
Co-payment is a predetermined fee that an individual pays for health care services, in addition to what the insurance covers For example, some HMOs require a $10 "co-payment" for each office visit, regardless of the type or level of services provided during the visit Co-payments are not usually specified by percentages
In some Medicare health plans, the amount you pay for each medical service, like a doctor visit A copayment is usually a set amount you pay for a service For example, this could be $5 or $10 for a doctor visit Copayments are also used for some hospital outpatient services in the Original Medicare Plan
A specific charge you pay for a specific medical service For example, you may pay $10 for an office visit or $5 for a prescription and the health plan covers the rest of the medical charges
Another way of sharing medical costs You pay a flat fee every time you receive a medical service (for example, $5 for every visit to the doctor) The insurance company pays the rest
A type of cost sharing whereby insured or covered persons pay a specified flat amount per unit of service or unit of time (e g , $ 10 per visit, $25 per inpatient hospital day) and their insurer pays the rest of the cost The copayment is incurred at the time the service is used The amount paid does not vary with the cost of the service (unlike coinsurance, which is payment of some percentage of the cost)
A flat fee or payment, such as $15 per doctor visit or $10 per prescription, which a covered person pays at the time the service is received The fee does not vary with the cost of the service, and the insurer pays the rest of the cost
The insured patient's share of the total medical bill, usually expressed as a specific dollar amount paid for a given service, product, or treatment For example, the patient might pay $10 for each visit to a doctor's office, or $40 for hospitalization The patient is usually responsible for payment at the time of the treatment or service The terms copayment and coinsurance are often used interchangeably despite their differences
A fee generally charged by a group health plan for certain preventive services, such as office visits When a copayment applies, the covered individual's coinsurance may be waived Copayments typically are not applied to any deductible the covered individual must meet
In health insurance, this is the percentage the insured pays toward the cost of covered services or a flat fee charged by an HMO or other managed care plan for certain services, such as doctors' office visits, hospital stays or prescription drugs
A cost-sharing arrangement where a plan member pays a set charge for particular services, such as $10 for an office visit The member usually is expected to pay the copayment at the time services are received
{i} fee paid by a member of an HMO upon the receipt of medical care or medications; matching payment made by an employer toward an employee's expenses for health care (or insurance, pension plan, etc.)
A fixed payment that must be paid out-of-pocket by a patient upon receiving health care services In some HMOs, for instance, you pay a $10 copayment for a doctor visit, or a $5 copayment for a prescription
A cost-sharing arrangement in which a consumer pays a specified charge for a specified service (e g , $10 for an office visit) The consumer is usually responsible for payment at the time the service is rendered
The upfront amount that you pay each time you receive health care services When you visit your health care provider, you pay the copayment to the provider, and the plan covers the remaining expenses
a cost-sharing arrangement in which an insured pays a specified charge for a specified service, such as $10 for an office visit The insured is usually responsible for payment at the time the service is rendered This charge may be in addition to certain coinsurance and deductible payments