copayment

(redirected from copay)
Also found in: Dictionary, Financial, Acronyms, Wikipedia.

copayment

(kō′pā′mənt)
n.
A specified sum of money that patients covered by a health insurance plan pay for a given type of service, usually at the time the service is rendered.
The American Heritage® Medical Dictionary Copyright © 2007, 2004 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
A fixed or set amount paid for each health care or medical service; the remainder is paid by the health insurance plan. In common parlance, copay is the term used.
See also: coinsurance, cost sharing
Synonym(s): out-of-pocket costs, out-of-pocket expenses.
Medical Dictionary for the Health Professions and Nursing © Farlex 2012

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
That portion of a dental care charge for which the patient herself, rather than a third party payor (i.e., insurer), is responsible.
Medical Dictionary for the Dental Professions © Farlex 2012
Mentioned in ?
References in periodicals archive ?
Either way, copay accumulators make it extremely difficult, if not impossible, for patients with high medication costs to meet their deductible.
Restriction on prescription medication puts security at risk
The group estimates insurers' average cost of providing full coverage for the range of contraceptive methods and counseling services, with no copays and deductibles, will be about $40 annually.
The right prescription? Health plans warn of added costs from a new mandate to remove copays for preventive women's services
At present, patients copay to hospitals for the stay, choice of medical team, medicines and dental treatments.
Bulgaria's Health Minister Claims Copay Not Determined Yet
A review of 132 publications found that for each 10% increase in patient cost sharing (eg, copays, coinsurance, coverage caps), prescription drug spending fell by 2% to 6%, depending on the drug class and patient's condition.
Best practices in: the role of copay reduction programs within a physician's practice
We were advised that it would not be inappropriate to collect "some copay" but that the amount collected is left to "provider discretion" Therefore, as with Card #1, it is virtually impossible for the provider to know what to collect at the time of service.
Obfuscating insurance cards
The employee's share will rise to $1,610--which is a 14-percent increase and also entails higher copays and a 2 percent reduction in benefit levels.
Health care's financial forecast--2005 and beyond
Because the copay requirement would likely amount to the biggest payment reduction to labs in the history of Medicare, AMT joined the rest of the industry in rallying forcefully against the proposal.
AMT steps up advocacy efforts
Three-tiered drug systems are effective, says Deborah Persic, vice president of self-funded plans for Gardner & White in Indianapolis, but she recommends that copays "be much higher than in the past." She also advises clients to consider coinsurance for prescription drugs, where the employee pays a percentage of the drug cost--such as 20-25 percent--rather than a flat copay.
Ouch!
Due to its higher capacity, the company's Max SoloStar may reduce the number of pens adults prescribed Toujeo use, allowing for fewer refills and related copays. The maximum dose of up to 160 units/ml may help reduce the number of injections needed to deliver the required Toujeo dosage.
Sanofi secures US FDA approval for Toujeo Max SoloStar long-acting insulin pen to control blood sugar in adults
Is there really something wrong with charging a minimal copay for a product?
Why back Copay-Free Contraception?

Medical browser ?
Full browser ?