coinsurance
1
6.7
- noun
- /ˌkɔɪnˈʃʊərəns/
- Specialized
- Understanding how coinsurance works is essential for estimating your out-of-pocket expenses for healthcare.
- coinsurance and deductibles
- coinsurance and copayments
- coinsurance payments
Examples
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Phase down gradually the beneficiary coinsurance rate in the Medicare Part D coverage gap from 100% to 25% by 2020.
Blog text (11) -
According to the New Jersey Department of Banking and Insurance, if you want to buy a two-adult plan with a $2,500 deductible and 80% coinsurance, for example, there are only three carriers offering it.
Blog text (29) -
Coinsurance for all plans is set at an 80:20 ratio.
Academic text (2011) -
Through the use of deductibles, coinsurance, and limits on benefits, the company can control the extent to which benefits are provided by the plan.
Academic text (1990) -
Individuals are not required to pay premiums to obtain coverage, nor are they charged copayments or coinsurance for covered benefits.
Blog text (11) -
You can buy a $2,500 deductible, 80-20 coinsurance plan for a family.
Blog text (29) -
No deductibles and coinsurance for pregnancy-related services and covered benefits provided to children (up to age 24).
Blog text (11) -
The government provides insurance for all residents (or citizens) and pays all health care expenses except for copays and coinsurance.
Blog text (12) -
Limit OOP costs for deductibles and coinsurance to 5% of income for those between 200 and 300% FPL, and 7.5% of income for those between 300 and 500% FPL.
Blog text (11) -
The majority of Americans obtain their health insurance through their own or a family member's employer, but increasingly, benefits are curtailed or a portion of the costs are shifted to employees as premiums, coinsurance, and deductibles (Families USA Foundation, 1991).
Academic text (1993)
Surface Forms
Morphology
Etymology
The word coinsurance comes from the prefix co- meaning 'together', the same co- you see in copay or cooperate, and insurance meaning protection, and in health plans it now means the part of a medical bill you 'share' with your insurer after the deductible. So, coinsurance is the percent of costs you and your insurer pay 'together'.