Copay (Copayment)
InsuranceA fixed amount you pay for a covered healthcare service, such as $25 for a doctor visit.
Example
Example: When shopping for coverage, understanding copay (copayment) helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle copay (copayment) differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.