Copay Meaning In Healthcare

Posted : admin | On 01-05-2021



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My thought is that you are looking at the PCP and SPC and ER on your health insurance ID card and next to it will be the co-payment (co-pay) amounts that you will pay if you have to see a Primary Care Physician (PCP) or a Specialist (SPC). Some ID cards will list URG for an amount if you decide to go to an Urgent Care facility or physician.

Features of Co-Pay Health Insurance: It is an amount paid (or a percentage of the total) for certain medical treatments and medication, while under the A part of the expense is taken care of by the insured, and the majority is paid for by the insurer. A copayment, or copay, is a fixed amount of money that you pay out-of-pocket for a specific service. Copays generally apply to doctor visits, specialist visits, and prescription drug refills. Copay is a consumer payment for a medical service. The consumer usually pays it at the time the service provider performs their part. It is usually a fixed fee such as a $20 copay for an office visit.

Copay Meaning In Healthcare Coverage


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copayment

(kō′pā′mənt)n.

Copay Meaning In Medical Billing

Healthcare
A specified sum of money that patients covered by a health insurance plan pay for a given type of service, usually at the time the service is rendered.
The American Heritage® Medical Dictionary Copyright © 2007, 2004 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
A fixed or set amount paid for each health care or medical service; the remainder is paid by the health insurance plan. In common parlance, copay is the term used.
See also: coinsurance, cost sharing
Synonym(s): out-of-pocket costs, out-of-pocket expenses.
Medical Dictionary for the Health Professions and Nursing © Farlex 2012

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
That portion of a dental care charge for which the patient herself, rather than a third party payor (i.e., insurer), is responsible.
Medical Dictionary for the Dental Professions © Farlex 2012

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Copay Meaning In Healthcare Law

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