Insurance — Copay

: A percentage of the cost (e.g., 20%) you pay after you have met your deductible.

Tier 1 (Generics) are cheapest; Tiers 2-4 (Brand/Specialty) are more expensive. 3. Copay vs. Other Insurance Terms insurance copay

It is easy to confuse copays with other out-of-pocket costs, but they function differently: : A percentage of the cost (e