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copayment

Syllabification: co·pay·ment
Pronunciation: /kōˈpāmənt
 
/
(also copay)

Definition of copayment in English:

noun

A payment made by a beneficiary (especially for health services) in addition to that made by an insurer.
Example sentences
  • A federal law designed to cut Medicare costs would have had the perverse effect in at least one state of increasing Medicare costs and patient copayments.
  • Therefore, everyone would need to decide whether to obtain additional insurance for uncovered services and copayments.
  • Canada funds hospital and physician services almost entirely through taxes (93% and 98%, respectively, in 2003) while other countries commonly apply copayments for these services.

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