No copayment means that the entire sum of treatment expense incurred is borne by the insurance provider.ĭigit Insurance provides health insurance policies with 0% copayment and covers the entire treatment costs incurred by an individual.Ĭoinsurance refers to the percentage of treatment costs that you have to bear after paying the deductibles. These are more popular in metropolitan cities where the cost of treatment is higher.These clauses are levied mostly on health insurance policies for senior citizens.A lower copayment amount means higher premium payment.The copay amount is fixed according to the medical service availed.
With the copay clause, insurance providers bear the majority of the claim while the policyholder is required to cover a certain fixed part.The features of copayment under insurance policies can be listed as follows: 8000 will be covered by the insurer.Īgain, if the copay clause requires you to cover 10% of the total cost incurred, you will be required to pay Rs. 2000 towards your treatment, while the rest of Rs. 2000 of your treatment expenses and the treatment costs you Rs. This can either be as a fixed amount or a fixed percentage of the treatment costs.įor example, if your insurance policy comes with a copay clause of Rs. What Does Copay in Health Insurance Mean?Ĭopay refers to when policyholders have to bear a fixed part of their expenses towards medical treatment while the rest is borne by the insurer.
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