What Does Copay Mean In Health Insurance? 
A copay is a set amount of the bill you are responsible for . For example , if your policy has a $ 20 copay for doctors visit , and your doctor charges $ 100 per visit , your company pays $ 80 and you pay $ 20 . If your doctor charges $ 150 , you still only pay $ 20 Coinsurance is a percentage of the bill you may be responsible for . If you have a plan with 80/20 coinsurance and you have a $ 10,000 hospital bill , you will be responsible for $ 2000 -LRB- 20 % -RRB- and your company pays the balance 