Definition
A fixed amount you pay for a healthcare service, such as a doctor’s visit or prescription. Your insurance covers the rest.
What to consider
- Keep track of your co-pays so you can budget for healthcare visits.
- They add up over time, so include them in your monthly expenses.
- Knowing your co-pay amount can help you choose the right provider.
Real world scenarios
- Bianca pays a $25 co-pay each time she visits her primary care physician, simplifying her healthcare budgeting.
- Cal is mindful to choose insurance plans with co-pays he can afford for specialist visits.
- Co-pays make Dr. Lin’s practice more predictable in billing, while patients avoid surprise charges for routine appointments.
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