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Definitions from WordNet

Definitions from the Web

Coinsurance

Description:

Coinsurance refers to the percentage of a medical expense that a patient is required to pay after their deductible has been met and the insurance has started covering the costs. It is a shared cost between the patient and the insurance company.

Usage Examples:

As a noun:

• After exceeding his deductible, John had to pay 20% coinsurance for his medical treatments.
• The coinsurance for this specific procedure is 30% of the total cost.

As a verb:

• The insurance policy coinsures the cost of certain preventive screenings.
• They agreed to coinsure the expense of repairing the damaged property.

Related Products:

Here are some related products you may find helpful:

• Health Insurance Books
• Medical Expenses Planning
• Insurance Policies