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Definition of copayment

copayment

/ˈkoʊˌpeɪ.mənt/
co · pay · ment
Plural:copayments
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copayment Lexical Profile

copayment Game Scores & Validity

• noun

1

North American A fixed out-of-pocket amount paid by an insured patient for a covered healthcare service or prescription, typically at the time the service is rendered, with the insurer paying the remaining cost.

Example

"The receptionist reminded him that his health insurance plan required a twenty-dollar copayment for specialist visits."

Synonyms
View all synonyms for copayment

Word Nuance & Usage

In health insurance, a "copayment" (or "copay") is a fixed flat fee paid per service, whereas "coinsurance" is a percentage of the total medical bill and a "deductible" is the annual amount a patient must pay before insurance coverage begins.

• Nearby Words

coparenting
copasetic
copay
copayment
cope
copenhagen
copepod

Cite this Entry

Wordmom. (2026). Definition of Copayment. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/copayment
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