Common use of Copayment Clause in Contracts

Copayment. A cost-sharing arrangement in which a Member pays a specified charge for a Covered Service. The Member is usually responsible for payment of the Copayment at the time health care is rendered. Copayments are distinguished from Coinsurance as flat dollar amounts rather than percentages of the charges for services rendered. Copayments may be collected by the Provider of service.

Copayment. A cost-sharing arrangement in which a Member pays a specified charge for a Covered Service, such as the Copayment indicated in the Summary of Benefits and Coverage’s for an office visit. The Member is usually responsible for payment of the Copayment at the time 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. Copayments may be collected by the Provider of service.

Copayment. A cost-cost sharing arrangement in which a Member pays a specified charge for a Covered Service. The Member is usually responsible for payment of the Copayment at the time health care is rendered. Copayments are distinguished from Coinsurance as flat dollar amounts rather than percentages of the charges for services rendered. Copayments may be collected by the Provider of service.

Copayment. A cost-sharing arrangement in which a Member pays a specified charge for a Covered Service. The Member is usually responsible for payment of the Copayment at the time thetime health care is rendered. Copayments are distinguished from Coinsurance as flat dollar amounts rather than percentages of the charges for services forservices rendered. Copayments may be collected by the Provider of service.