Medical Insurance

What does coinsurance on health insurance mean?

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Wiki User
2008-08-26 20:39:45

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 a percentage. For

example, if the insurance company pays 80 percent of the claim, you

pay 20 percent.

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