MA Open Enrollment is open — 49 days left

Copayment

A fixed dollar amount you pay for a covered health care service.
Reviewed by Aaron Sims, Licensed Life & Health Agent since 2012

Medicare Term

Definition

A fixed dollar amount you pay for a covered health care service.

A copayment (or copay) is a set fee you pay each time you receive a particular service, such as a doctor visit or prescription. Unlike coinsurance, which is a percentage, copays are a flat dollar amount. Medicare Advantage plans commonly use copays for office visits and prescriptions.

Explore more Medicare terms

Browse our full glossary to understand all the terminology you'll encounter when signing up for Medicare.

View full glossary