co-payment


co–pay·ment

noun \ˈkō-ˌpā-mənt, ˌkō-ˈ\

Definition of CO-PAYMENT

: a 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

First Known Use of CO-PAYMENT

1975

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