copayment

[ koh-pey-muhnt ]

noun

1. a contributory payment by an employer, usually matching that of an employee, toward the payment of healthcare or life-insurance premiums, a pension fund, etc.

copayment

/ kəʊˈpeɪmənt /

noun

1. a fee paid by a subscriber to a service for the use of additional services not covered by the subscription

Word History and Origins

Origin of copayment¹

co- + payment

Example Sentences

Assuming a patient copayment of 20%, that would mean at least $18,000 in out-of-pocket spending.

From Salon

An additional three states and the District of Columbia require coverage of over-the-counter contraception without a prescription but don’t specify whether a copayment may be required.

From Seattle Times

For example, it would make it more difficult to afford your copayment to see your primary care doctor or your medications.

From Salon

Millions of people get screened for breast, colorectal, lung, or cervical cancer each year, she said, adding there is evidence showing any kind of copayment or deductible deters people from getting such testing.

From Scientific American

Even if an employer were to add a 20% copayment for the worker, it would reduce overall spending by less than one-tenth of 1%, according to the study.

From Scientific American