Definition
copayments
noun
- A fixed amount of money that an insured person pays for a covered health care service, with the insurance company paying the rest.
Usage: Usually plural; commonly used in health insurance contexts; U.S. English
Examples
- My health insurance plan requires $25 copayments for doctor visits.
- She had to pay three copayments last month for specialist appointments.
- The copayments for prescription medications vary depending on the drug tier.
- Many employers offer health plans with low copayments to attract workers.
- Copayments help share the cost of medical care between patients and insurers.
- He was surprised by the high copayments required for emergency room visits.