Understanding U.S. Healthcare Copays
Fact checked by Jim Lacy Copayments, coinsurance, deductibles…. Health insurance could have a dictionary all its own. Copays are out-of-pocket fees that range from a few dollars for routine doctor visits to hundreds or even thousands for prescriptions or specialty care. Copays emerged in the mid-20th century as employer-sponsored health insurance plans gained popularity. Initially, […]
