Common use of Copayments Clause in Contracts

Copayments. A copayment is a set dollar amount you are responsible for paying to a health care provider for a covered service. A copayment is also called a copay. COINSURANCE Coinsurance is the percentage of the covered service that you are responsible to pay when you receive covered services.

Copayments. A copayment is a set dollar amount that you are responsible for paying to a health care healthcare provider for a covered service. A copayment is also called a copay. COINSURANCE Coinsurance is the percentage of the covered service that you are responsible to pay when you receive covered services.