1. 110 POINTS
    Andy Orlikoff
    Owner - Independent Insurance Broker, American Insurance Benefits, Arizona
    Coinsurance 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, 2014
  2. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    What 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
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