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co-payment definition

co·-payment (kō′pā′mənt)

noun

payment required of an insured person for that portion of medical expenses not paid by the insurance company; specif., a fixed fee required for each prescription, visit to a doctor, etc.

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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A COPAYMENT IS THE PORTION FROM WICH THE PATIENT IS RESPONSIBLE. YOUR INSURANCE SHOULD SEND YOU A (EOB)EXPLANATION OF BENEFITS AND IT SHOULD TELL YOU HOW MUCH YOU NEED TO PAY TO YOUR HEALTH PROVIDER OR SPECIALIST FOR THE SERVICES THAT YOU HAVE RECEIVED. IF YOU HAVE ANY QUESTIONS OR CONCERNS ABOUT A BILL THAT YOU RECEIVE FROM YOUR DR GO BACK AND LOOK FOR YOUR EOB MOST LIKELY THE ANSWER WILL BE THERE.

Posted by anonymous 90 days ago.

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