co-payn.
/ˈkəʊpeɪ/, U.S. /ˈkoʊˌpeɪ/ Insurance (chiefly U.S.).
In medical insurance: a contribution made by an insured patient towards the cost of treatment or other medical services.
ΘΚΠ
society > trade and finance > financial dealings > insurance > [noun] > insurance policy > associated expense, amount, or charge
premio1622
premium1661
reversion1768
reversionary bonus1833
insurance1838
loading1867
hazard rate1872
single premium1877
margin1881
line1899
strain1910
deductible1927
no-claims bonus1933
co-pay1959
co-payment1966
1959 Jrnl. Insurance 26 84 Co-pay contract, contract including a percentage participation or ‘coinsurance’ clause.
1979 MIS Q. 3 27/2 We find the recipient's data set determines, among other things, whether he is subject to a co-pay, and if so, deduct that from the total price.
1988 R. C. Sarri & C. C. Russell in D. Tomaskovic-Devey Poverty & Social Welfare in U.S. ix. 209 There are numerous deductibles and co-pay requirements.
2003 Wall St. Jrnl. 16 June a1/5 Drugs that used to require copays of $5 and $10 just a few years ago are now costing her as much as $40 each in copays.
This is a new entry (OED Third Edition, June 2005; most recently modified version published online March 2022).
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n.1959