copay

Definition

The amount an insured person is expected to pay for a medical expense at the time of the visit.

Use copay in a sentence

You may need to have a copay when you go to the doctor if your insurance does not cover it all.

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He had to make sure that he had enough to satisfy the copay requirements because he was insured and needed to do it.

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After going to the chiropractor, John had to pay a 20 dollar copay. The insurance covered the rest of the amount of the visit.

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premium medical savings account