What is Copay (Copayment)? | LIFE-HEALTH Exam Prep

A copay is a fixed dollar amount that an insured person pays for a covered healthcare service, typically due at the time of service, regardless of the total cost. 📚 Learn more about Copay (Copayment) and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Copay (Copayment) definition: https://www.open-exam-prep.com/glossary/copay 💡 Exam Tip: Copay = fixed amount ($25). Coinsurance = percentage (20%). Know the difference! --- #insurance #examprep #financeexam #life-health