co-payment
noun
co-pay·ment
ˈkō-ˌpā-mənt
ˌkō-ˈpā-
variants
or co-pay
or copay
or less commonly copayment
plural co-payments or co-pays or copays also copayments
: a relatively small fixed fee that a health insurer (such as an HMO) requires the patient to pay upon incurring a medical expense (as for a routine office visit, surgical procedure, or prescription drug) covered by the health insurer
… patient out-of-pocket costs such as deductibles and co-payments have grown alongside overall [health care] costs.—kvtz.com
… you can put away tax-sheltered dollars that can be used to pay out-of-pocket medical expenses, such as your doctor visit co-pays or other medical expenses not otherwise covered by your insurance.—Philadelphia Inquirer
… employees currently have a 10% copay for prescriptions, whether they are purchased at the in-house pharmacy or a network pharmacy.—Joyce Frieden
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Merriam-Webster unabridged
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