Copayments and coinsurance
The Cullinary Health Fund pays for most of your health care costs. You may also have to pay a part of the costs.
What is the difference between a copayment and coinsurance?
Copayments
A copayment or copay is a flat amount you may pay when you go to a doctor, pharmacy, or use a service. An example is a doctor’s office visit. Each time you go to the doctor, you will pay a copayment for the visit.
Coinsurance
Coinsurance is the part of the total costs you may pay for a service or medicine. The amount you pay changes based on the type of service.
Example
|
Copayment (Copay) |
||
|---|---|---|
| Bill | CHFtoo pays | Copay |
| $300 | $280 | $20 |
or
|
Coinsurance (20%) |
||
|---|---|---|
| Bill | CHFtoo pays | Coinsurance |
| $300 | $240 | $60 |
