Copayment
Posted in: Insurance
define: Copayment
A relatively lesser fee an insurance plan requires the covered person to pay for services, prescriptions, or medical supplies. The fee is typically set at a flat rate. For example, a plan may set a copayment of $8 for each prescription, no matter what the actual cost.
A relatively lesser fee an insurance plan requires the covered person to pay for services, prescriptions, or medical supplies. The fee is typically set at a flat rate. For example, a plan may set a copayment of $8 for each prescription, no matter what the actual cost.
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