text: $40 copay but no deductable. what does that mean? i am trying to figure out if my insurance covers nuvaring. on my benifits list it says that name brand prescription drugs have a copay of $40 but 0 deductable. and a $30 copay for preferred drugs and 0 deductable. im new to this and would like to know what this means. it also says that coinsurance was 80%. oh and my insurance is bluecross blueshield tenneesseee you have to pay $40 each time you get a presciption filled, but there is no yearly minimum you have to reach in out of pocket expenses before the insurance kicks in.  for example, if you have a $50 deductible and $10 copay, you would have to pay $10 each time you got a presciption, but first you would have to spend $50 of your own money on presciptions.  then you would pay just the $10 copay and the insurance would pick up the rest.  deductible is how much you have to spend of your own money before the insurance will cover anything.  copay is the portion you pay once the insurance starts covering costs.