Insurance - Copay

It is easy to confuse copays with other out-of-pocket costs, but they function differently:

An (or copayment) is a fixed, predetermined amount you pay out of pocket for a covered healthcare service or prescription at the time you receive it. It is a form of cost-sharing that allows you to pay a smaller portion of the total cost while your insurance company covers the remainder. 1. How Copays Work insurance copay

The amount you pay often depends on the type of service being provided: Service Type Typical Copay Level Reason for Variation Encourages routine check-ups and preventative care. Specialist It is easy to confuse copays with other