Copay Meaning

Posted : admin On 1/29/2022

A copay, short for copayment, is a fixed amount a healthcare beneficiary pays for covered medical services. The remaining balance is covered by the person's insurance company. What does copay mean? (noun) Each plan will tell you what type it is (network, PPO, etc.), the deductible, coinsurance, copay and an estimate of your premium cost. The annual copayment maximum is a fixed limit or cap to your total out-of-pocket expense for most covered services in a calendar year or plan year. Most HMSA plans have a specific annual copayment maximum to limit your payments for medical care in a given year. Definition of co-payment: a relatively small fixed fee that a health insurer (such as an HMO) requires the patient to pay upon incurring a medical expense (as for a routine office visit, surgical procedure, or prescription drug) covered by the health insurer First Known Use of co-payment 1966, in the meaning defined above.

  1. Copay Meaning Medical
  2. Copay Meaning In Health Insurance
  3. Copay Meaning In English
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Also found in: Medical, Financial.
Related to Co-pay: co-insurance, Pre-Existing Condition

co·pay·ment

(kō′pā′mənt)n.
A specified sum of money that patients covered by a health insurance plan pay for a given type of service, usually at the time the service is rendered.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

copayment

Help with insurance copays (kəʊˈpeɪmənt) n
a fee paid by a subscriber to a service for the use of additional services not covered by the subscription
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

copayment

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

co·pay·ment

, copay

Copay Meaning Medical

English-Spanish Medical Dictionary © Farlex 2012
English-Spanish/Spanish-English Medical Dictionary Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.

Copay Meaning In Health Insurance

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Copay Meaning In English


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