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

First Known Use of co-payment

1966


CO-PAYMENT Defined for English Language Learners

co-payment

noun

Definition of co-payment for English Language Learners

  • : 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


Medical 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

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