Final answer:
A copay after deductible is a fixed amount that a policyholder must pay out-of-pocket for a covered service or medication after the deductible has been met in a health insurance policy.
Step-by-step explanation:
A copay after deductible is a type of cost-sharing mechanism commonly used in health insurance policies. It is the fixed amount that the policyholder must pay out-of-pocket for a covered service or medication after the deductible has been met. For example, if your insurance policy has a $1,000 deductible and a $20 copay for doctor visits, once you have paid $1,000 out-of-pocket for covered services, you would be responsible for paying only the $20 copay for each subsequent doctor visit.