coinsurance


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Related to coinsurance: Coinsurance effect

coinsurance

(kō′ĭn-sho͝or′əns)
n.
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

co·in·sur·ance

(kō-in-shŭr'ăns)
The amount or percentage the insured is responsible for after the deductible has been met.
References in periodicals archive ?
The agreed value coverage option replaces the coinsurance clause with a value agreed upon by the insured and the insurer.
PPO enrollees are not required to use the preferred providers, but are given financial incentives to do so, such as reduced coinsurance and deductibles.
Denote the optimal coinsurance rate in the absence of 7 by [[Alpha].sub.0].
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.
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).
"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.
This option is often used to avoid coinsurance penalties.
But it is unlikely that insurers will be game to see any cuts in the coinsurance percentage paid by the insured.
where [[delta].sub.i] ~ i.i.d.N (0, [[sigma].sup.2.sub.[delta]]) are unobservable policyholder characteristics that may affect the coinsurance choice systematically over time, independently of the error terms [[??].sub.it] ~ i.i.d.N (0, 1).
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.
*Assimilate necessary information for Medicare claims as well as related non-private coinsurance claims.
Global Banking News-April 5, 2016--Citigroup enters into coinsurance deal with Swiss Re