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What is a health insurance copayment?

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If you have health insurance, a copayment (also called a copay) is a fixed fee that you pay for a medical service that is covered by your insurance company. For example, your insurance may require that you pay $15 each time you visit your doctor. The insurance company pays for the rest of the bill.

SOURCES:

National Association of Insurance Commissioners: "Glossary of Health Insurance and Medical Terms."

U.S. Bureau of Labor Statistics: "Definitions of Health Insurance Terms."

Healthinsurance.org: "Health Insurance Glossary."

U.S. News and World Report: "Health Insurance Definitions."

HealthCare.gov   "Glossary, COBRA," "Glossary Health Savings Account," "The Health Insurance Marketplace," "Children's Pre-existing Conditions."

California Department of Insurance: "COBRA."

Reviewed by Sarah Goodell on February 16, 2018

SOURCES:

National Association of Insurance Commissioners: "Glossary of Health Insurance and Medical Terms."

U.S. Bureau of Labor Statistics: "Definitions of Health Insurance Terms."

Healthinsurance.org: "Health Insurance Glossary."

U.S. News and World Report: "Health Insurance Definitions."

HealthCare.gov   "Glossary, COBRA," "Glossary Health Savings Account," "The Health Insurance Marketplace," "Children's Pre-existing Conditions."

California Department of Insurance: "COBRA."

Reviewed by Sarah Goodell on February 16, 2018

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What is a health insurance deductible?

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