copayment
nounUK /ˌkəʊˈpeɪmənt/
US /ˌkoʊˈpeɪmənt/
A copayment is a small amount of money you pay when you get medicine or see a doctor.
My mom paid a ten-dollar copayment at the pharmacy.
RELATED WORDS
OTHER MEANINGS
2. A set fee paid each time a service is used, separate from the main bill.
The copayment for the visit was lower than expected.
3. A shared cost split between an insurer and the person insured.
The plan covers most of the cost, but there is a copayment.
4. A small upfront charge required before receiving a covered benefit.
You must pay the copayment before the appointment begins.