What term is defined as a fixed amount you pay for a covered service after meeting your deductible?

• A. Copay
• B. Deductible
• C. Premium
• D. Coinsurance

Answer: (A)

Copays are fixed-dollar amounts you owe for a covered service after you’ve met your deductible. This means when you receive a service—like a doctor visit, urgent care, or prescription—you pay a set fee at the time of service (for example, $20 for a visit), and the insurance covers the rest according to the plan. This is different from a deductible, which is the total amount you must pay out of pocket before the insurer starts sharing costs. It’s also different from a premium, the regular amount you pay to maintain the plan, regardless of use. And it’s not coinsurance, which is a percentage of the costs you pay after the deductible is met. Understanding that fixed per-service amount helps predict what you’ll owe for routine care.