A fixed amount ($20, for example) you pay for a covered health care service after you’ve paid your deductible. Let’s say your health insurance plan’s allowable cost for a doctor’s office visit is $100. Your copayment for a doctor visit is $20. If you’ve paid your deductible: You pay $20, usually at the time of the visit. If you haven’t met your deductible: You pay $100, the full allowable amount for the visit. Copayments (sometimes called “copays”) can vary for different services within the same plan, like drugs, lab tests, and visits to specialists. Generally plans with lower monthly premiums have higher copayments. Plans with higher monthly premiums usually have lower copayments.
American Trustee Financial Services can help you invest in the health of your employees with group medical insurance. Book an appointment today to go over your options.
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Address: 3033 NW 63rd Street St E-104, Oklahoma City, OK 73116
PO Box 21422 Oklahoma City, OK 73156
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