Difference between revisions of "Copayment"
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==Definition== | ==Definition== | ||
Latest revision as of 00:22, 1 June 2020
Copayment is when an insurance policyholder must pay a small amount for each service, before insurance covers the rest.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Copayment. When an insurance policyholder must pay a small amount for each service, before insurance covers the rest.
