coinsurance

(kō′ĭn-sho͝or′əns)

1. Insurance held jointly by two or more insurers.

2. A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.

3. A sum of money paid by a patient to a health care provider after a health insurance company has paid a contractual amount for a covered service, usually a fixed percentage of costs. Coinsurance usually applies after an annual deductible has been paid.

co·in·sur·ance

(kō-in-shŭr'ăns)

The amount or percentage the insured is responsible for after the deductible has been met.
See also: copayment, cost sharing

Medical Dictionary for the Health Professions and Nursing © Farlex 2012

co·in·sur·ance

(kō-in-shŭr'ăns)

The amount or percentage the insured is responsible for after the deductible has been met.

Medical Dictionary for the Dental Professions © Farlex 2012

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References in periodicals archive

PPO enrollees are not required to use the preferred providers, but are given financial incentives to do so, such as reduced coinsurance and deductibles.

GLOSSARY

Denote the optimal coinsurance rate in the absence of 7 by [[Alpha].sub.0].

A note on insurance coverage in incomplete markets

Depending on the specifics of the policy language, if the insured does not purchase enough insurance to meet the coinsurance requirement, the insured may be responsible for a proportion of the claim.

Coinsurance is the Insured's Friend

After regression adjustment, the likelihood of imposing copayment penalties for all services and coinsurance penalties for outpatient services increased significantly both in- and out-of-network (Table 5).

The Mental Health Parity and Addiction Equity Act Evaluation Study: Impact on Nonquantitative Treatment Limits for Specialty Behavioral Health Care

"We estimated that the total lifetime costs for [the Centers for Medicare & Medicaid Services], which included colorectal cancer screening, surveillance, and treatment with coinsurance, to be $2.675 million per 1,000 sixty-five-year-olds," Ms.

Positive colorectal screen? Waive Medicare coinsurance

But it is unlikely that insurers will be game to see any cuts in the coinsurance percentage paid by the insured.

Medicine costs are tough to swallow for Dubai residents

Department of Health and Human Services, "Collecting coinsurance is uniquely difficult for labs because, unlike all other healthcare providers, labs typically do not have face-to-face encounters with patients.

Taking issue with some OIG recommendations

Global Banking News-April 5, 2016--Citigroup enters into coinsurance deal with Swiss Re

Citigroup enters into coinsurance deal with Swiss Re