Results for: Coinsurance

What does eighty twenty coinsurance mean?

  Eighty twenty coinsurance is usually expressed 80/20 by insurance companies. The first number (80) represents the percentage of payment an insurance company will pay for (MORE)

What does coinsurance on health insurance mean?

  Coninsurance is the amount you are required to pay for medical care in a fee-for-service plan after you have met your deductible. The coinsurance rate is usually express (MORE)

What does deductible and coinsurance mean?

On a health insurance policy, a "deductible" is a specified amount which the insured/beneficiary must pay out of their own pocket, before their insurance will pay any covered (MORE)

What is coinsurance?

  Coinsurance An arrangement under which the insured person pays a fixed percentage of the cost of medical care after the deductible has been paid. For example, a health (MORE)