Unlike a deductible, which is a specified amount per individual and/or family to be paid per insurance year, you pay a copay each time you use that type of healthcare service. Example If you have a copay of $40 for doctor’s office visits and you see the doctor three times for your sprained ankle, you’ll have to pay $40 each visit, for a. Let’s say that your health insurance plan has a $1,000 deductible and 20 percent co-insurance and you use $10,000 in services. In this case, you will be required to pay the $1,000 plus 20 percent of the remaining $9,000, up to your total out-of-pocket maximum.
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Copay Coinsurance And Deductible Examples
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