In this video, Luke explains what a copay is and how they work. Below are some key takeaways listed for you:
- A copay is a fixed fee paid to access healthcare services, akin to buying a ticket for a movie.
- There are different copays for different services, including office visits, specialist consultations, and prescriptions.
- Copay amounts vary depending on the individual’s insurance plan, with no standard set price across plans.
- Copays cover the cost of the visit but not additional services like tests or surgeries that may be needed.
- Copay amounts are typically listed on your insurance ID card for easy access and reference.
