A copay is a fixed amount set in your health insurance plan to pay for specified services. This amount is typically due from you when you visit your medical provider.

For example, a medical specialist’s visit may cost $200, but if your specialist copay is $50, you only owe $50 toward the visit, and your health insurance plan pays the rest.

When picking a health insurance plan, plans with lower monthly premiums typically feature higher co-payment amounts, whereas plans with higher monthly premiums feature lower co-payment amounts.