What Does Copayment Mean?

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What does Copayment mean? Read on to discover the definition & meaning of the term Copayment - to help you better understand the language used in insurance policies.

Copayment

Copayment

Copayment or co-pay is an fixed amount a health insurance policyholder must pay for covered medical services, such as eye and hearing exams.

We hope the you have a better understanding of the meaning of Copayment.

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