Copay definition

Copay means a service specific deductible expressed as a flat dollar amount and payable by an Insured at the place and time services are rendered. This amount is not part of the Deductible.
Copay means a service-specific fixed-dollar amount each Member must pay at the time and place Authorized Benefits and Services are rendered.
Copay means the copay normally charged for a prescription drug.

Examples of Copay in a sentence

  • Copay amounts are applied to Our contracted fee or Maximum Allowable Fee and apply at the benefit level.

  • Copay: A specified dollar amount that a Member is required to pay each time covered services are provided, subject to any maximums specified in this Policy.

  • The Out-of-Pocket Expense Maximum includes the Deductible, Coinsurance and Copay amounts applied to Covered Expenses, including Emergency Services provided by an Out-of-Network Provider.

  • Copay amounts are applied toward the Out-of-Pocket Expense Maximum.

  • If a Covered Expense is subject to a Copay, the Copay amount can be located in the Schedule of Benefits.


More Definitions of Copay

Copay means a fixed dollar amount (for example, $20) that a Member pays for a Covered Benefit after the Member has paid the Deductible, if a Deductible applies to the Covered Benefit.
Copay means an amount specified in the Schedule of Benefits that is collected at the time of service by the health care provider or pharmacy. Copays are collected by providers even if the Deductible has not been satisfied. Copays are not collected by providers once the Covered Individual has met the Out-of-pocket Limit.
Copay means the amount to be paid by the Subscriber for Members for a Benefit, as described in the Coverage Schedule.
Copay means the portion of the costs for Covered Services or Materials for which the Covered Person is responsible for payment.
Copay means the specified Fee-For-Service amount a Patient must pay to RelyMD for a Consult in accordance with the terms specified within an Agreement.
Copay means that you pay a fixed amount each time you fill a prescription.
Copay means the amount of money that is paid each time a particular service is used. Some services will require copayments while others will not.