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Copayment

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 Continue Reading

Deductible

The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself. After you pay your deductible, you usually pay only a  copayment  or  coinsurance  for covered services. Your insurance company pays the rest. Many plans pay for certain services, like a checkup or disease management programs, before you've met your deductible. Check your plan details. All Marketplace health Continue Reading