What is Copayment?

A Copayment is a form of medical cost sharing in a health insurance plan that requires an insured person to pay a fixed dollar amount when a medical service is received. The insurer is responsble for the rest of the reimbursment.

Sometimes, there are different copayments for different services (doctor visits, ER visits, etc…).

This is money you are responsible for paying, typically at the time the medical service is provided.