A copay is a fixed amount you pay for healthcare services covered by your insurance plan, usually at the time of service. The amount of copay you are responsible for typically depends on your specific insurance plan and the type of service you are receiving.
Having a higher copay may mean that you will pay more out-of-pocket for each healthcare service you receive. However, the overall coverage provided by your insurance plan should remain the same, as long as the services you are receiving are covered under your plan.
It is important to note that the copay is just one component of your insurance plan’s cost-sharing arrangement. Other factors that can affect your out-of-pocket costs include deductibles, coinsurance, and out-of-pocket maximums. Therefore, it is important to review your insurance plan’s details to understand how much you will be responsible for paying for healthcare services.