An agreement between the insured and the insurance company where payment is shared for all claims by the policy. A typical arrangement is 80%/20% up to $5,000. The insurance company pays 80% of the first $5,000 and the insured pays 20%. Usually after 80% of $5,000, the insurance company then pays 100% of covered expenses during the remainder of the [..]

A kind of cost-sharing in which the insurance company pays for a percentage of the cost of medical treatment, and the patient pays the rest. This is separate from deductibles and premiums. For example, if the health insurance or plan’s allowed amount for an office visit is $100 and you’ve met your deductible, your co-insurance payment of 20% would [..]

(see Co-Payment)  

Co-insurance refers to money that an individual is required to pay for services, after a deductible has been paid. In some healthcare plans, co-insurance is called "co-payment." Co-i [..]

Your share of the costs of a covered health care service, calculated as a percent (for example, 20%) of the allowed amount for the service. You pay co-insurance plus any deductibles you owe. For examp [..]

An arrangement by which a number of insurance companies cover a particular risk.

Coinsurance is an arrangement whereby two or more parties share the same risk. A co-insurer is not obliged to follow the decision of another co-insurer, except where they have given authority for the [..]

The percent of your medical bill benefits you are expected to pay as determined by your health insurance carrier. Contractual adjustment:

predetermined  annual amount an enrollee must pay before the insurer will begin paying their portion of covered expenses. For example, if the plan has $300 deductible, the insured person would be responsible for the first $300 for his/her health care bills.

In many British-type insurance markets, co-insurance means the sharing of one insurance policy between two or more insurers. Usually, this entails each insurer paying directly to the insured their res [..]

In many British-type insurance markets, co-insurance means the sharing of one insurance policy between two or more insurers. Usually, this entails each insurer paying directly to the insured t [..]

Co-insurance refers to money that an individual is required to pay for services, after a deductible has been paid. Co-insurance is often specified by a percentage. For example, the employee pays 20 percent toward the charges for a service and the employer or insurance company pays 80 percent.

The percentage of coverage that a patient is responsible for paying after an insurance company pays the portion agreed upon in a health plan. Co-insurance percentages vary depending on the health plan.

An arrangement where the insured (customer) agrees to carry an amount of insurance equal to a certain percentage of the total value of the property insured. If the customer fails to do this, they agre [..]

Commonly found in a medical expense insurance policy, co-insurance is the amount of the hospital bill which is not covered by the policy and which you need to pay after the deductible (see below on what is a deductible) is met. It is usually expressed as a percentage of the expenses.

A form of insurance whereby more than one insurer carries the risk and where each is individually and proportionally liable to the insured for settlement of a claim.

Co-insurance is an arrangement by which the patient and the insurance company share in the payment of a service. Co-insurance takes effect after the approved deductible amount has been met. For example, assigned Medicare benefits have a 20 percent co-insurance. This means that after the approved deductible amount has been met, Medicare pays 80 perc [..]

The percentage of health care costs you are responsible for paying – usually after your plan’s deductible is met.

Where two or more persons share single risk. A co-insurer is not obliged to follow the decision of another co-insurer, except where he has given authority for the other person to act on his behalf. Ea [..]

The ratio (%) of splitting a bill between the insurance company and you. 80% for the first $5,000 means the insurance company will pay $4,000 and you are responsible for the remaining $1,000.

is the share of the covered charges, usually a percentage, that the insured and plan each pay. If the plan has a deductible, the coinsurance is applied after the deductible has been satisfied. For exa [..]

1) A provision in an insurance policy allowing insurers to reduce the amount of any claim in proportion to an amount by which the insured has under insured (also known as the average); and / or 2) A process by which a number of insurers agree to participate in an insurance risk (as co-insurers).

The percentage of covered expenses an insured individual shares with the carrier. If applicable, co-insurance applies after the insured pays the deductible and is only required up to the plan’s Out-of-Pocket Maximum (See “Out-Of-Pocket Maximum”)

A provision under which an insured, in consideration of a reduced premium rate, promises to maintain a certain percentage of insurance to the value of the property. The co-insurance clause attached to [..]

The percentage of Your claim that You must pay before any applicable Deductible is applied. Sharing in the financial risk ensures that you make informed, responsible decisions about your pet’s health [..]

An insured who has a sum insured which does not represent the full value of the insured property may be their own co-insurer and, therefore, sharing in the risk with the insurer. This can result in a [..]

1) A provision in an insurance policy allowing insurers to reduce the amount of any claim in proportion to an amount by which the insured has under insured (also known as the average); and / or 2) A p [..]

Provision in an insurance policy, usually optional, under which the policyholder, for a reduced rate, agrees to maintain insurance equal to a specified percentage of the value of the property covered. Policyholders who fail to maintain the minimum amount of coverage specified, assume a proportionate share of the loss.

is a form of risk division based on the principle of coverage of one risk by several insurers. Co-insurance emerges on the basis of contract between the insured and several insurers one of which is th [..]

Co-insurance refers to money that an individual is required to pay for services, after a deductible has been paid. In some health care plans, co-insurance is called "co-payment." Co-insurance is often specified by a percentage. For example, the employee pays 20 percent toward the charges for a service and the employer or insurance company [..]

A method of cost-sharing in health insurance plans in which the plan member is required to pay a defined percentage of their medical costs after the deductible has been met. 

 A percentage of the medical costs to be shared by the insurer and the insured after the deductible has been met. In an “80/20 to $5000” plan, the insured will pay his deductible (e.g. $500) and also [..]

After paying the deductible, percentage or amount of covered expenses that the insured pays. For example, an insurance policy brochure may mention that the policy will pay 80% of the first $5,000 and 100% thereafter of the usual and customary charges; In some health insurance plans, it is also called “co-payment”.

Cost control measure in insurance schemes in which the member pays a specified percentage of the cost - for example, 25% for drugs used in serious and chronic illnesses, 50% for most other pharmaceuticals, and 75% for symptomatic treatment for minor illnesses.

Your share of the costs of a covered health care service. Co-insurance is calculated as a percent (for example, 20%) of the allowed amount for the service. You pay co-insurance plus any deductibles you owe. For example, if the health insurance or plan’s allowed amount for an office visit is $100 and you’ve met your deductible, your co-insurance pay [..]

A sharing of risk between insurer and insured which depends on the relationship of the amount of the insurance carried versus the amount of insurance required at the time of the loss.