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What is a Co-Payment?

April 26, 2017co-payment payment

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What is a Co-Payment?

8 Answers

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A co-payment is a charge that will be paid by the individual for a service. Remaining charges are picked up by the insurance company. Typical co-payments are for office visits, prescriptions and certain wellness procedures.

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A co-payment is a charge that will be agreed upon between you and insurance company before you purchase your plan. This co-payment may range anywhere from $15 to $50, depending on the insurance company. Your insurance company may require you to provide this co-payment for doctor’s visits or for prescription medications.

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A co-payment is the part of your medical bill that you are responsible for. Another name for this is a deductible.

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A co-payment is an agreed amount paid by members towards the cost of each day spent in hospital. You pay $50 a day towards the cost of your admission, capped at $250 for any hospital stay (including same day treatment).

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A co-payment is a charge that will be agreed upon between you and insurance company before you purchase your plan. This co-payment may range anywhere from $15 to $50, depending on the insurance company.