co-payment
noun
co-pay·ment
ˈkō-ˌpā-mənt 
ˌkō-ˈpā-
variants
or co-pay
or copay
or less commonly copayment
plural co-payments or co-pays or copays also copayments
: 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
… patient out-of-pocket costs such as deductibles and co-payments have grown alongside overall [health care] costs.—
kvtz.com
kvtz.com… you can put away tax-sheltered dollars that can be used to pay out-of-pocket medical expenses, such as your doctor visit co-pays or other medical expenses not otherwise covered by your insurance.—Philadelphia Inquirer
Philadelphia Inquirer… employees currently have a 10% copay for prescriptions, whether they are purchased at the in-house pharmacy or a network pharmacy.—Joyce Frieden
Joyce FriedenExamples of co-payment in a Sentence
Recent Examples on the Web
They were created to help insurers make smarter formulary decisions, negotiate lower prices with drug manufacturers and set co-payment tiers that balance affordability with patient health.
—Robert Pearl, Forbes, 28 Oct. 2024
Of state prison residents, 90% were in facilities requiring co-payments, including 63% in facilities with co-payments exceeding one week's prison wage.
—Tina Reed, Axios, 6 Aug. 2024
While the new contract is in effect, healthcare coverage costs, benefits and prescription drug co-payments will remain fixed for members and their dependents.
—Christi Carras, Los Angeles Times, 1 July 2024
Panama has a two-tier health care system with public and private hospitals, clinics, and doctors, both requiring co-payments for services, with lower costs in the public system.
—Patricia Doherty, Travel + Leisure, 19 May 2024
See all Example Sentences for co-payment 
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Robert Pearl, Forbes, 28 Oct. 2024
Of state prison residents, 90% were in facilities requiring co-payments, including 63% in facilities with co-payments exceeding one week's prison wage.
—Tina Reed, Axios, 6 Aug. 2024
While the new contract is in effect, healthcare coverage costs, benefits and prescription drug co-payments will remain fixed for members and their dependents.
—Christi Carras, Los Angeles Times, 1 July 2024
Panama has a two-tier health care system with public and private hospitals, clinics, and doctors, both requiring co-payments for services, with lower costs in the public system.
—Patricia Doherty, Travel + Leisure, 19 May 2024
See all Example Sentences for co-payment
Dictionary Entries Near co-payment
Cite this Entry
“Co-payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/co-payment. Accessed 28 Nov. 2024.
Copy CitationMedical Definition
co-payment
noun
co-pay·ment
(ˈ)kō-ˈpā-mənt
: 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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