co-payment

noun

co-pay·​ment ˈkō-ˌpā-mənt How to pronounce co-payment (audio)
ˌkō-ˈpā-
variants or co-pay or copay or less commonly copayment
plural co-payments or co-pays or copays also copayments
: a relatively small fixed fee that a health insurer (such as an HMO) requires the patient to pay upon incurring a medical expense (as for a routine office visit, surgical procedure, or prescription drug) covered by the health insurer
… patient out-of-pocket costs such as deductibles and co-payments have grown alongside overall [health care] costs.kvtz.com
… you can put away tax-sheltered dollars that can be used to pay out-of-pocket medical expenses, such as your doctor visit co-pays or other medical expenses not otherwise covered by your insurance.Philadelphia Inquirer
… employees currently have a 10% copay for prescriptions, whether they are purchased at the in-house pharmacy or a network pharmacy.Joyce Frieden

Examples of co-payment in a Sentence

Recent Examples on the Web While the new contract is in effect, healthcare coverage costs, benefits and prescription drug co-payments will remain fixed for members and their dependents. Christi Carras, Los Angeles Times, 1 July 2024 Panama has a two-tier health care system with public and private hospitals, clinics, and doctors, both requiring co-payments for services, with lower costs in the public system. Patricia Doherty, Travel + Leisure, 19 May 2024 Even those with Medicare must pay deductibles and co-payments. Howard Gleckman, Forbes, 27 Feb. 2024 Insurance coverage and a patient assistance program to help with co-payments are critical to access. Joshua Cohen, Forbes, 12 Feb. 2024 Coverage with lower premiums often carry high deductibles and co-payments. Noah Weiland, New York Times, 10 Jan. 2024 If a family receives a state subsidy, their co-payment is capped at 7% of their household income. Nicole Santa Cruz, ProPublica, 5 Jan. 2024 Managing risk Students will analyze different types of insurance, the factors that affect premiums — such as co-payments and deductibles — and compare plans. Lauren Lumpkin, Washington Post, 19 Nov. 2023 Some took the opportunity to permanently change their co-payment schedules moving forward so that families will face lower costs. Bryce Covert, The New Republic, 25 Oct. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'co-payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1966, in the meaning defined above

Time Traveler
The first known use of co-payment was in 1966

Dictionary Entries Near co-payment

Cite this Entry

“Co-payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/co-payment. Accessed 15 Jul. 2024.

Medical Definition

co-payment

noun
co-pay·​ment (ˈ)kō-ˈpā-mənt How to pronounce co-payment (audio)
: a relatively small fixed fee that a health insurer (as an HMO) requires the patient to pay upon incurring a medical expense (as for a routine office visit, surgical procedure, or prescription drug) covered by the health insurer
Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!