In a payer contract, what is a copayment?

Question

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, which is part of the insurance agreement. It is not based on a percentage of the charges, distinguishing it from coinsurance (option C), and it is not the amount paid before insurance benefits begin, which describes a deductible (option A). It also does not involve adjudication by another entity (option B).

In a Payer Contract, What Is a Copayment