In a payer contract, what is a copayment?

Name: In a payer contract, what is a copayment?
Brand: Quizplus
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Quizplus · Accepted Answer

A copayment is a fixed amount that a patient pays for a specific service or prescription medication at the time of service, as defined in their health insurance policy. It is not based on a percentage of the cost, which would be a coinsurance, nor is it an amount that needs to be adjudicated by another entity or an amount that needs to be paid before benefits begin, which would describe a deductible.

In a Payer Contract, What Is a Copayment