A copayment (copay) is a fixed amount you pay for a healthcare service (e.g., $25 for a doctor’s visit). Coinsurance is a percentage of the cost you pay after you’ve met your deductible (e.g., you pay 20% of the cost of a service).
A copayment (copay) is a fixed amount you pay for a healthcare service (e.g., $25 for a doctor’s visit). Coinsurance is a percentage of the cost you pay after you’ve met your deductible (e.g., you pay 20% of the cost of a service).
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