Co-payment

Co-payment
A payment made by an individual who has health insurance, usually at the time a service is received, to offset some of the cost of care. Co-payments are a common feature of HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization) health plans in the US. Co-payment size may vary depending on the service, generally with low copayments required for visits to a regular medical provider and higher payments for services received in the emergency room, the latter intended to discourage insured persons from using the emergency room unless it is absolutely necessary. Also called co-insurance.

* * *

co-pay·ment (')kō-'pā-mənt n a relatively small fixed fee required by a health insurer (as an HMO) to be paid by the patient at the time of each office visit, outpatient service, or filling of a prescription

Medical dictionary. 2011.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …   Wikipedia

  • payment into court — In litigation, the defendant may make an offer that he feels the plaintiff ought to accept. There is a procedure whereby this is paid into court . If the plaintiff thereafter continues the proceedings, but obtains less damages than the amount… …   Law dictionary

  • payment in due course — n. Payment to the holder of a negotiable instrument on or after its maturity date in good faith and with no known defects in title. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… …   Law dictionary

  • payment — I (act of paying) noun acquittal, acquittance, amortization, amortizement, clearance, compensation, defrayal, defrayment, disbursement, discharge of a debt, expenditure, liquidation, outlay, quittance, receipt in full, reckoning, recompense,… …   Law dictionary

  • payment on delivery — ˌpayment on deˈlivery abbreviation POD noun [uncountable] COMMERCE TRANSPORT when a buyer must pay for goods when they are delivered; = CASH ON DELIVERY * * * pay …   Financial and business terms

  • payment in full — The giving of all funds due to another. This language is often inserted on the back of check above the place for endorsement to prove that the payee accepts the payment as complete. Category: Business, LLCs & Corporations → Business Accounting,… …   Law dictionary

  • payment terms — ➔ term1 * * * payment terms UK US noun [plural] ► COMMERCE the statement by a business about when and how it should be paid for goods or services that it has supplied: »The written contract should include price, payment terms, and specific work… …   Financial and business terms

  • payment card — UK US noun [C] ► COMMERCE any of a range of different cards that can be used by a customer to make a payment: »Credit and other payment cards are starting to make cash obsolete. »At the end of last year, US households on average had access to… …   Financial and business terms

  • payment on invoice — ► COMMERCE payment for goods and services that must be made after the buyer receives an invoice: »Terms are payment on invoice within 15 days of invoice date. Main Entry: ↑payment …   Financial and business terms

  • Payment — Pay ment, n. [F. payment, paiement. See {Pay} to requite.] 1. The act of paying, or giving compensation; the discharge of a debt or an obligation. [1913 Webster] No man envieth the payment of a debt. Bacon. [1913 Webster] 2. That which is paid;… …   The Collaborative International Dictionary of English

  • Payment of members — is the provision of a salary to members of a legislature. From time to time, proposals were made to reintroduce in the English parliamentary system a practice that was almost universally adopted in other countries, that of paying a state salary… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”