Definition
copays
noun
- plural of copay; fixed amounts of money that an insured person must pay for a medical service or prescription drug, with the insurance company covering the rest
Usage: commonly used in U.S. healthcare contexts; typically refers to the patient's out-of-pocket contribution at the time of service
Examples
- My health insurance plan requires $20 copays for doctor visits.
- Prescription copays vary depending on whether the medication is generic or brand-name.
- She was surprised by how many copays she had to pay during her hospital stay.
- The new insurance plan reduced copays for preventive care visits.
- Copays help patients share the cost of healthcare with their insurance providers.
- He budgets for monthly copays when planning his medical expenses.