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copay

[koh-pey] /ˈkoʊˌpeɪ/
noun
1.
a small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription.
Also called copayment, [koh-pey-muh nt] /ˈkoʊˌpeɪ mənt/ (Show IPA).
Origin
1970-75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for copay
  • There are two inpatient copay rates, the full rate and the reduced rate.
  • Fill only one cavity per visit to increase the copay per procedure.
  • copays do not apply to your deductible, coinsurance, or out-of-pocket maximum and not all services require a copay.
  • No copay on all smoking cessation prescription drugs.

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