A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- CoinsuranceThe share of a covered cost you pay as a percentage after meeting your deductible, with insurance covering the rest.
- DeductibleThe amount you pay out of pocket for covered costs before your insurance starts chipping in.
- PremiumThe regular payment you make to keep an insurance policy active, usually billed monthly, quarterly, or yearly.
- Out-of-Pocket MaximumThe most you will pay for covered care in a year, after which insurance covers eligible costs fully.
- HMOA health plan that keeps costs lower by requiring you to use a set network of providers and get referrals for specialists.
- PPOA health plan that lets you see any provider and skip referrals, with lower costs when you stay in network.
Turn this into a brick
Knowing what Copay means is knowledge — the first half. A brick gets placed when you act on it.
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Plain-English education — not personalized legal, tax, or investment advice.