Final answer:
A copayment is a flat fee that an insurance policy-holder must pay before receiving services. It represents the maximum copayment charge to the patient.
Step-by-step explanation:
A copayment is a flat fee that an insurance policy-holder must pay before receiving services. It represents the maximum copayment charge to the patient. It is a fixed amount that the patient has to pay for each visit or service. For example, a policy may have a copayment of $20 for an office visit or $250 for an emergency room visit.: