Results for: Coinsurance

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 plan mi (MORE)

Can you collect Medicare coinsurance in advance?

Medicare is an "80/20" plan. Medicare pays 80% of the bill and you are expected to pay 20%, unless you have a Medicare Supplement to pay the 20% for you. The 20% is your coins (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 expressed as (MORE)

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 a ser (MORE)

Facultative reinsurance and coinsurance?

Facultative reinsurance is a form of reinsurance in which the terms, conditions, and reinsurance premium is individually negotiated between the insurer and the reinsurer. Ther (MORE)

How coinsurance work?

Under certain health insurance plans, 'coinsurance' is the percentage of a covered medical expense you may be required to pay after you've paid your copayment and/or deductibl (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)
In Uncategorized

What is coinsurance-?

Coinsurance refers to a type of insurance whereby the insured paysa share of the payment made against a claim.