A patient's copayment or copay is the patient's share of the cost for goods or services rendered, with the other share ("co" = with) paid by the patient's insurance company. The patient's co-payment is usually paid directly to the provider, but for Medicare Part D patients enrolled in the Medicare Prescriptions Payment Plan, which began on January 1, 2025, it is instead paid indirectly through their insurance company.
A patient's copayment or copay is the patient's share of the cost for goods or services rendered, with the other share ("co" = with) paid by the patient's insurance company. The patient's co-payment is usually paid directly to the provider, but for Medicare Part D patients enrolled in the Medicare Prescriptions Payment Plan, which began on January 1, 2025, it is instead paid indirectly through their insurance company.
It may be defined in an insurance policy and paid by an insured person each time a medical service is accessed. It is technically a form of coinsurance, but is defined differently in health insurance where a coinsurance is a percentage payment after the deductible up to a certain limit. It must be paid before any policy benefit is payable by an insurance company. Copayments do not usually contribute towards any policy out-of-pocket maximum, whereas coinsurance payments do.
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).