Definitions for "copay"
The amount an insured person is expected to pay for a medical expense at the time of the visit.
A type of cost sharing where the member pays a specified flat fee for certain services at the time of receiving the service. Example: $10.00 for a physician office visit.
a specified amount to a specific covered service for which the member is responsible (such as a $10 or $15 copayment per office visit).
Keywords:  simpler, lot, deductible
a lot simpler than a deductible
experience rating financial needs approach