Question

Is A Co-payment An Out Of Pocket Expense?

Answer 1

Unlike a co-pay which is a fixed dollar amount, the coinsurance amount you pay is based on a percentage. It is a percent you have to pay for health care expenses that are covered under your health insurance plan in addition to your fixed dollar co-pay. ... Co-pays and coinsurance are both considered out-of-pocket expenses.

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Answer 2

A co-pay is a fixed dollar amount (a partial payment) for a health care expense that is covered by your plan. You may also have co-insurance in your plan. ... Co-pays and coinsurance are both considered out-of-pocket expenses.