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copayment

 

Definitions from the Web

Copayment

Noun: a fixed amount of money that an individual pays for a specific service or product covered by an insurance plan, typically required at the time the service is rendered.

Example sentence 1: The copayment for a doctor's visit under my health insurance plan is $20.

Example sentence 2: The pharmacy required a copayment of $10 for my prescription medication.


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