What Is Coinsurance On A Health Insurance Plan?
110 POINTSview profileAndy OrlikoffOwner - Independent Insurance Broker, American Insurance Benefits, ArizonaCoinsurance is the amount of the bill you share with the insurance company, typically after your deductible has been satisfied. Most commonly you will see this as 80/20 (can be 50/50, 70/30, 90/10 and 100/0), whereas the insurance company pays 80% and you pay 20%. Your portion will be capped. This is known as Maximum out of Pocket.Answered on September 8, 2014flag this answer
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateWhat is coinsurance on a health insurance plan? Well coinsurance is the part of the bill where the insured and the insurance split the payment of the bill. First there is the deductible, where the insured (you) pay the cost of the bill. Then once that is met or waived in some situations, the coinsurance kicks in and the cost is split between the insured and the insurance company.Answered on November 11, 2015+01+1 this answer
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