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copay

/kəˈpeɪ/ noun · British & US
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What does copay mean?

noun

A fixed amount that a person must pay for a medical service or treatment, in addition to any insurance coverage. A payment made by an individual towards the cost of a medical service or treatment.

Example

"The doctor's office required a $20 copay for the appointment."

Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.

Etymologically related

Synonyms for copay

Rhymes with copay