Glossary of Health Insurance Terms


Copayment

Under Medicare, the amount the insured must pay, after the deductible, before Medicare pays. Same as coinsurance. Also used in HMO's to designate a small payment made when visiting a physician or getting prescription drugs.

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ASAP Quotes believes that informed consumers are happier consumers. If you have a question regarding a health insurance term or concept, then this glossary can help you.