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16

What does a healthcare "Copayment" (or copay) mean when checking in for medical services?

What does a healthcare "Copayment" (or copay) mean when checking in for medical services?

Explanation

A copayment is a fixed, flat fee (such as $35 for a specialist visit or $150 for an ER admission) defined by your health insurance policy that you must pay out-of-pocket directly to the provider at the time of your check-in.