What are copayments?
A copayment is a cost-sharing arrangement in which a member pays a specified charge for a covered service, such as $20 for an office visit. The member is usually responsible for payment of the copayment at the time the health care is rendered. Typical copayments are fixed or variable flat amounts for physician office visits, prescription drugs or hospital services. Copayments are distinguished from coinsurance as flat dollar amounts rather than percentages of the charges for services rendered.
