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What Is a Health Insurance Copayment?

By Matthew DiLallo – Updated Dec 12, 2024 at 10:40AM

Key Points

  • Copays are fixed fees for services after deductibles, providing cost predictability.
  • Coinsurance involves variable costs, leading to uncertain out-of-pocket expenses.
  • Understanding plan features like copays vs. coinsurance aids in better decision-making.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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