Co-pay is defined as

Co-pay is defined as

• A. The patient’s fixed dispensing fee
• B. The insurer's annual cap
• C. The total price billed to insurer
• D. The portion of the price of medication that the patient is required to pay

Answer: (D)

Co-pay is the portion of the medication price that the patient is required to pay at the time of purchase. It’s a fixed amount defined by the plan and represents the patient’s share of the cost, while the insurer covers the remaining allowable amount. This differs from a fixed dispensing fee (a separate charge for the pharmacy’s service), an annual cap (a limit on benefits), or the total price billed to the insurer (the amount the insurer would be billed before the patient’s share is applied). In many plans the co-pay stays the same regardless of the exact drug price, though some plans tier co-pays by drug type.

Co-pay is the portion of the medication price that the patient is required to pay at the time of purchase. It’s a fixed amount defined by the plan and represents the patient’s share of the cost, while the insurer covers the remaining allowable amount. This differs from a fixed dispensing fee (a separate charge for the pharmacy’s service), an annual cap (a limit on benefits), or the total price billed to the insurer (the amount the insurer would be billed before the patient’s share is applied). In many plans the co-pay stays the same regardless of the exact drug price, though some plans tier co-pays by drug type.