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Coinsurance refers to a small fee that must be paid by the patient at the time of an office visit.?
Wiki User
∙ 15y ago
The small fee that is paid at the time of the office visit is called a copay. The copay amount, usually $15.00 to $30.00 depending on your plan, is all that you pay for the cost of the office visit. Coinsurance is a percentage of a larger hospital medical bill that you pay after you meet your deductible. For instance, if you have a "80/20" plan, with a $1000.00 deductible you are responsible for the first $1000.00 of the bill. Then the insurance company pays 80% of the bill and you pay 20% of the bill. The 20% is your coinsurance.
Wiki User
∙ 15y ago
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SOHO
What is the full form of soho?
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What does the suffix ol mean?
Small
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