copay
nounUK /ˈkəʊ.peɪ/
US /ˈkoʊ.peɪ/
A copay is a small amount of money you pay when you get medicine or see a doctor.
My mom paid a ten-dollar copay at the pharmacy.
RELATED WORDS
OTHER MEANINGS
2. A set fee paid each time a specific medical service is used, as required by an insurance plan.
The plan has a twenty-dollar copay for every office visit.
3. A small share of a prescription drug's cost paid by the patient.
Generic drugs often have a lower copay than brand-name ones.
4. Any fixed charge shared between an insurer and the insured person.
Check the copay before booking the appointment.