co-insurance


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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.
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Brady said the co-insurance provision is in place to ensure the insured is paying enough in premiums to justify the insurance company's obligation to rebuild or replace the property in the event of a total loss.
Linking medical and pharmacy networks would make it easier to determine copays or co-insurance at the pharmacy counter, too.
Deductible and Co-Insurance. While credit insurance can provide a significant recovery when there is a covered loss, it is extremely rare for a policy to make a policyholder whole.
They found 50 percent co-insurance rates for specialty drugs on several plans in Florida and Texas, while the highest co-insurance rates on California plans were 30 percent and in New York, co-pays were typically $70.
The FAIR Plan policy had a $500,000 limit and an 80% co-insurance clause.
The middle bracket of policies tended to charge much more affordable premiums, typically in the $300-$500 range, but with that came higher levels of surcharges, higher deductibles, higher out-of-pocket limits and either no mental health benefits, or those hitched with substantial premiums and/or co-insurance.
The middle bracket of policies tended to charge much more affordable premiums, typically in the $300 to $500 range, but with that came higher levels of surcharges, higher deductibles, higher out-of-pocket limits and either no mental health benefits, or those hitched with substantial premiums and/or co-insurance.
The co-insurance can be a bit trickier until you learn the rules of your local insurance carriers.
Co-insurance: The percentage of allowed charges for covered services that you're required to pay.
Admiral said that the extended arrangements were in addition to its current co-insurance agreement with Munich Re (covering 40% of the UK business), which runs until at least the end of 2016.
Their description covers historical background, sources of law, dispute settlement and arbitration, form of insurance company, access to business, supervision, technical reserves and investments, accountancy, taxation of the company, the reinsurance company, insurable risk, formation of contract, obligations of the insured, insurance and third parties, termination of contract, specifics of property and liability insurance, motor vehicle insurance, varieties of insurance of the person (including pensions), insurance intermediaries, reinsurance and co-insurance, and risk management and prevention.
You can use the following car insurance example to more clearly get your point across: " Whether a car hits you from the left or the right, you hit a pedestrian, or you are the victim of a crime, you pay the deductible and the insurance company pays the rest." Since "co-insurance" can be confusing, try to position a 100 percent co-insurance option.