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copay
[koh-pey]
noun
a small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription.
Word History and Origins
Origin of copay1
Example Sentences
So that’s a pretty long runway—create a copay for adults who are undocumented in 2027.
Even middle-class people who can afford a copay struggle to find the time to do so.
Previously, most people could get the vaccine, often with no copay, by breezing into a pharmacy while grocery shopping.
Nikole Benders-Hadi, chief medical officer of Talkspace, said patients often can use their insurance to get therapy on the platform, at a typical cost of a $10 copay.
In fact, insurance companies typically set coinsurance and copay amounts based on a drug's original list price, not the negotiated price.
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