Results for tag: "Copayment"

Copayment is a type of cost-sharing arrangement in health insurance plans. It is a fixed amount that a patient must pay out-of-pocket for a medical service or prescription drug, in addition to the amount paid by the insurance company. Copayments are typically a small percentage of the total cost of the service or drug, and are usually paid at the time of service. Copayments are designed to encourage patients to use healthcare services more responsibly, by making them more aware of the cost of their care. Copayment plans are offered by a variety of health insurance companies, including Aetna, Anthem, Cigna, Humana, UnitedHealthcare, and Blue Cross Blue Shield. These companies offer a range of plans with different copayment amounts, depending on the type of service or drug. Some plans also offer discounts for certain services or drugs, such as generic medications. Show Less Read more