co-payment


co–pay·ment

noun \ˈkō-ˌpā-mənt, ˌkō-ˈ\

: an amount of money that a person with health insurance is required to pay at the time of each visit to a doctor or when purchasing medicine

Full Definition of CO-PAYMENT

:  a small fixed fee that a health insurer (as an HMO) requires the patient to pay for certain covered medical expenses (as office visits or prescription drugs)

First Known Use of CO-PAYMENT

1966

co–pay·ment

noun \(ˈ)kō-ˈpā-mənt\   (Medical Dictionary)

Medical Definition of CO–PAYMENT

: a relatively small fixed fee required by a health insurer (as an HMO) to be paid by the patient at the time of each office visit, outpatient service, or filling of a prescription

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