How does copay differ from coinsurance?
Quick Answer: Copay vs. Coinsurance Copay is a fixed amount you pay for a healthcare service—like $25 for a doctor visit—while coinsurance is a percentage of the total cost of care you pay after meeting your deductible—like 20% of a $1,000 procedure. Both are forms of cost-sharing but work very differently. Understanding Copay: Fixed, Predictable … Read more
