copayment

(redirected from out-of-pocket costs)
Also found in: Medical, Financial.
Related to out-of-pocket costs: Opportunity costs, Sunk costs

co·pay·ment

 (kō′pā′mənt)
n.
A specified sum of money that patients covered by a health insurance plan pay for a given type of service, usually at the time the service is rendered.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

copayment

(kəʊˈpeɪmənt)
n
a fee paid by a subscriber to a service for the use of additional services not covered by the subscription
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations

copayment

n (US) → Zuzahlung f (zu Medikamenten etc)
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

co·pay·ment

, copay
n. pago compartido.
English-Spanish Medical Dictionary © Farlex 2012

copayment, copay

(fam) n copago
English-Spanish/Spanish-English Medical Dictionary Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
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References in periodicals archive ?
As a consequence, the out-of-pocket costs for this version of stroke go down to $315 for holders of this policy.
The commercials will include both the list price and potential patient out-of-pocket costs.
In addition, the company has added SilverScript Allure, a new PDP option for 2019, which offers an enhanced plan design including low copays on many generic drugs as well as lower out-of-pocket costs on many brand-name drugs at both retail and by mail through point-of-sale (POS) rebates.
Patrick Liu, from the Yale School of Medicine in New Haven, Conn., and colleagues compared Medicare beneficiary out-of-pocket costs through prescription drug plans (PDPs) with $4 GDDP cash prices using Walmart's September 2017 GDDP list, focusing on generic medications used to treat seven prevalent cardiovascular disease (CVD)-related conditions.
While out-of-pocket costs will vary depending on insurance status, the Aimovig Copay Program may be able to help reduce a patient's out-of-pocket costs to as little as $5 per month for eligible patients with commercial insurance."
Rifkin was not able to adjust the data for factors such as the participants' health status, the participants' share of premiums, out-of-pocket costs or problems with getting access to care.
Enrollees in CDHPs and HDHPs were much more likely to report they weren't too or not at all satisfied with their health plan, presumably because of higher out-of-pocket costs.
The estimate assumes individuals do not have employer-sponsored retiree coverage and includes expenses associated with Medicare Part B and D premiums (30% of the total), Medicare cost-sharing provisions (39% of the total), and prescription drug out-of-pocket costs (31%).
Low-income benefit provisions are substantial for those under 150% of poverty, but anyone with an income slightly above that will face high out-of-pocket costs. For example, a beneficiary who spends $3,000 a year on drugs and whose income is $15,400 would pay about 12% of annual income on out-of-pocket costs for drugs.
Conventional indemnity programs with deductibles and 80-20 structures, as well as disproportionately low out-of-pocket costs (relative to income), liberal reimbursement, and a sense of entitlement created little incentive to restrain utilization and encouraged abuse by employees and health care providers at the insurers' expense.
For consumers, there are fewer out-of-pocket costs when using a managed care insurer, usually a small co-payment fee ranging from $5 to $10 per visit.