Definition of "Copayment"

Connie Dalton real estate agent

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Connie Daltonelite badge icon

BOWEN REALTY, WELLINGTON

Partial payment of medical service expenses required in group health insurance, in addition to the membership fee. For example, for each visit of a physician a member may be required to pay $5, regardless of the expense of the services rendered. Or, for each prescription for drugs and medicines, the member may have to pay a flat $2 regardless of the actual cost.

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