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Share of Cost Understanding Coinsurance

Sunday, Jun. 7th 2015 6:47 AM

Many insurance plans have a coinsurance provision. That means the benefit plan pays a predetermined percentage of the cost of your treatment, and you are responsible for paying the balance. What you pay is called the coinsurance, and it is part of your out-of-pocket cost. It is paid even after a deductible is reached.

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Posted on Sunday, Jun. 7th 2015 6:47 AM | by Share of Cost | in Share of Cost | Comments Off on Share of Cost Understanding Coinsurance