What are Co-Pays?

by Doug Benson on June 10, 2011. Updated December 8, 2012

in Glossary

Co-pays or Co-payments are the portion of the co-insurance that you pay. Most Medicare Advantage plans and some Medicare Supplements have co-pays associated with every medical service. For example a visit to a primary physician might have a $20 co-pay. The co-pay for an outpatient procedure might be $100 or 20% of the cost of the procedure.

Medicare Part A (Hospital) has a deductible but no co-pays.

Medicare Part B (Doctor, Outpatient) has a deductible and co-pays.

Medicare Part C (Medicare Advantage Plans) has deductibles and co-pays.

Medicare Part D (Prescriptions) has a deductible and co-pays.

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