Coinsurance

Coinsurance

A provision in a member's coverage that limits the amount of coverage by the plan to a certain percentage, commonly 80 percent. Any additional costs are paid by the member out of pocket.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Health care
Category: General
Company: Blue Cross Blue Shield
Product:
Acronym-Abbreviation:

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Related terms

coinsurance

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Insurance under which the insurer and insured jointly bear the responsibility is called coinsurance in legal terminology.

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coinsurance

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coinsurance

Health care; General

A provision in a member's coverage that limits the amount of coverage by the plan to a certain percentage, commonly 80 percent. Any additional costs are paid by the member out of ...

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