co-payment

noun
co-pay·​ment | \ ˈkō-ˌpā-mənt How to pronounce co-payment (audio) , ˌkō-ˈpā \

Definition of co-payment

: a relatively small fixed fee that a health insurer (such as an HMO) requires the patient to pay upon incurring a medical expense (as for a routine office visit, surgical procedure, or prescription drug) covered by the health insurer

First Known Use of co-payment

1966, in the meaning defined above

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Time Traveler for co-payment

Time Traveler

The first known use of co-payment was in 1966

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Cite this Entry

“Co-payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/co-payment. Accessed 19 Jun. 2021.

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More Definitions for co-payment

co-payment

noun

English Language Learners Definition of co-payment

: 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

co-payment

noun
co-pay·​ment | \ (ˈ)kō-ˈpā-mənt How to pronounce co-payment (audio) \

Medical Definition of co-payment

: a relatively small fixed fee that a health insurer (as an HMO) requires the patient to pay upon incurring a medical expense (as for a routine office visit, surgical procedure, or prescription drug) covered by the health insurer

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