co-insurance


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.
Related to co-insurance: reinsurance

co-insurance

Managed care A cost-sharing requirement in many health insurance policies or health plans, in which the insured and insurer share payment of an approved charge/fee for covered services in a specified ratio, after an annual deductible is paid, up to a pre-set limit or maximum liability. See Allowed Charge, Copayment, Cost Sharing, Deductible, 80/20, Maximum liability.
Mentioned in ?
References in periodicals archive ?
Linking medical and pharmacy networks would make it easier to determine copays or co-insurance at the pharmacy counter, too.
A proactive policyholder should understand and negotiate unclear policy terms, reject a one-size-fits-all approach to policy language, appreciate the interplay between deductibles and co-insurance, and advocate for language that narrows policyholder obligations.
Even before the Affordable Care Act took effect, insurers had increasingly begun requiring patients to pay a percentage of the drug costs instead of a flat co-pay, but experts say patients often spend more for their prescriptions in plans offered under the health law because of the co-insurance.
The premiums were very low, but the policies tended to provide no meaningful coverage of any kind, requiring such high deductibles, co-pays and/or co-insurance as to provide no coverage for all.
gov, his inpatient stay would cost him $1,020 ($500 deductible, 20 percent co-insurance afterward).
The co-insurance can be a bit trickier until you learn the rules of your local insurance carriers.
Generally, this includes the deductible, co-insurance and copayments.
You must pay that much each year before your co-insurance kicks in.
We could go back to pure deductible and co-insurance so that people would have some idea as to pure cost, not all the freebies.
The survey found that 72 percent of public employers are increasing or considering an increase in their employees' deductibles, co-insurance, or copays.
There is no ceiling to the total cost of this 20 percent co-insurance.
The Co-Insurance Clause was legalized and amended the Michigan Standard Policy.