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copayment

[ koh-pey-muhnt ]

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.

copayment

/ 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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Word History and Origins

Origin of copayment1

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Example Sentences

Abolish copayment for the unemployed, students, the handicapped, and poor pensioners.

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