Differences Between Copay And Health Coinsurance
How the share of the cost is divvied up between you and your health insurance company, including how often you have to pay. The amount of financial risk each exposes you to. How a Copay Works A copayment (copay) is a set amount you pay whenever you use a particular type of healthcare service. For example, you might have a $40 copay to see a primary care provider and a $20 copay to fill a prescription....