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What are health insurance copayments?

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Once you’ve met your deductible, the insurance company will begin to share in the cost of your medical bills. In addition to the deductibles, you typically will have to make a copayment or pay coinsurance.

Copayments, or copays for short, are fixed amounts you pay for covered services. For instance, you might have a $10 copay every time you see your primary care doctor or $30 every time you see a specialist. This amount stays the same no matter how much the visit costs.

From: How to Use Your Health Insurance WebMD Medical Reference

SOURCES:

Institute of Medicine: "Helping Consumers Understand and Use Health Insurance in 2014." 

Institute of Medicine: "Let's Ask 4?s"

Reviewed by Amita Shroff on July 16, 2018

SOURCES:

Institute of Medicine: "Helping Consumers Understand and Use Health Insurance in 2014." 

Institute of Medicine: "Let's Ask 4?s"

Reviewed by Amita Shroff on July 16, 2018

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What is health insurance coinsurance?

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