co-payment

noun

co-pay·ment | \ ˈkō-ˌpā-mənt

, 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

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The first known use of co-payment was in 1966

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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

See the full definition for co-payment in the English Language Learners Dictionary

co-payment

noun

co-pay·ment | \ (ˈ)kō-ˈpā-mənt

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