Home > Term: copayment (copay)
copayment (copay)
Amount that a plan member must pay the provider at the time of service, usually after the deductible is met for eligible expenses. (CIGNA Choice Fund offers an employer the opportunity to add coinsurance to the fund.) It is usually a flat fee of $10 - $25.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: CIGNA
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- Jessehe
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