Difference between Copay, Co-Insurance and Deductible

CopayA predetermined rate the patient pays for health care services at the time of care. Copay are due at the time the patient receives a health care service.

Deductible The deductible is the amount the patient must pay for health care services before the health insurance plan begins paying.

Coinsurance Coinsurance refers to the share of the costs of a health care visit. Coinsurance is a percentage of a medical charge that the patient pays, with the rest paid by the health insurance plan.