Definition extracted with permission from American Academy of Family Physicians: Family Physicians and Managed Care
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copayment (copay)
A modest payment made by an HMO enrollee at the time that selected services are rendered. Some HMO's require a $2.00 copayment for each doctor's office call. Some impose a fixed dollar amount for inpatient hospitalization. Copayments are subject to limitation as defined in Subpart A, 110.105 of the Federal HMO Regulations.
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