co-payment

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Co-Payment

Co-payment refers to a fixed amount that a patient is required to pay out-of-pocket for a particular medical service or prescription drug, typically at the time of receiving the service or medication.

Example sentences:

I had to pay a $20 co-payment for my doctor's visit.
The insurance plan requires a $10 co-payment for all generic medications.
Before getting the X-rays, the receptionist asked for the co-payment.

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