Coinsurance is the percentage of a covered medical cost that a policyholder must pay after meeting their deductible. For example, if a plan has 20% coinsurance, the insurer pays 80% of covered expenses, and the insured pays 20%, helping share healthcare costs between the insurer and the policyholder.
Coinsurance is a cost-sharing arrangement where you pay a percentage of an approved health claim after the deductible. For example, if you have 20% coinsurance, you pay 20% of the bill while your insurer covers 80%.
The portion of medical expenses you pay after reaching your deductible is known as coinsurance. In an 80/20 plan, for instance, you pay the remaining 20% and your insurer pays the remaining 80%.
