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Copayment is a small fee that is usually due at the time medical service are provided under managed medical plans such as health maintenance organizations (HMO), preferred provider organizations (PPO) and point of service (POS) plans. The copayment amount is usually described as nominal or small by the health insurance plan. Typical copayment amounts are currently in the range of $5 to $20. While this is often positioned as a sharing of medical expenses, most view copayment as a way of insuring that policyholders are not "overusing" their medical benefits.
Since copayment is the responsibility of the patient, it is related to other fee sharing terms such as deductible and coinsurance.
Other forms of this term include - copayments |
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