n. an insurance policy in which the insurance company insures onl...

A provision by which the insured individual shares in the cost of certain expenses. The same as co-payment.

The percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible. Let's say your health insurance plan's allowed amount for an offic [..]

An amount you may be required to pay as your share of the cost for services after you pay any deductibles. Coinsurance is usually a percentage (for example, 20%).

The amount that you are obliged to pay for covered medical services after you've satisfied any co-payment or deductible required by your health insurance plan. Coinsurance is typically expressed [..]

The percentage of each health care bill a person must pay out of their own pocket. Non-covered charges and deductibles are in addition to this amount.

A provision of a dental benefit program by which the beneficiary shares in the cost of covered services, generally on a percentage basis. The percentage of a covered dental expense that a beneficiary [..]

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage [..]

When your healthcare insurance has a coinsurance provision, you and your insurer divide the responsibility for paying doctor and hospital bills by splitting the costs on a percentage basis.With an 80/20 coinsurance split, for example, your insurer would pay 80%, or $80 of a $100 medical bill, and you would pay 20%, or $20. Some policies set a cap o [..]

1) A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference. Essentially the owner and the insurance company share the risk. [..]

You share the cost of health services provided to you by paying a percentage of the charge for the services.

The percentage a covered person must pay (for example, 20 percent) of the allowed amount for covered health services after the health plan begins to pay, usually once the plan deductible has been met. [..]

This is your share of the costs for covered health care services, calculated as a percentage.

The percentage of the costs of services paid by the patient. This is a characteristic of indemnity insurance, POS,

Definitions (2) 1. An insurance policy provision under which the insurer and the insured share costs incurred after the deductible is met, according to a specific formula.

Found in most health insurance policies, this is an express requirement that the insured pay a particular percentage in excess of the deductible and of all eligible medical expenses.

1 : joint assumption of risk (as by two underwriters) with another 2 : insurance (as fire insurance) in which the insured is obligated to maintain coverage on a risk at a stipulated percentage of ...

A clause contained in most property insurance policies to encourage policy holders to carry a reasonable amount of insurance. If the insured fails to maintain the amount specified in the clause (Usual [..]

A percentage of the cost for covered services that a member pays under the health plan.

Coinsurance is an insurance arrangement whereby the insured party and the insurance provider share costs as defined by the policy documentation. Most health plans incorporate some type of coinsurance [..]

Coinsurance is a clause in a medical insurance policy requires the patient to pay x percent of the cost of medical treatment, or a fixed payment per prescription. This is often coupled with a deductib [..]

After the deductible is met, the insurer and the person insured share the costs that have been incurred.

The portion of the cost of care that your dental plan is responsible for paying (you pay the rest)

(n) insurance issued jointly by two or more underwriters

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The amount you may be required to pay for health care services after you meet your plan's deductibles. In Original Medicare, Part A and Part B, this is a percentage (usually 20%) of the Medicare-approved amount. You have to pay this amount after you pay the deductible for Medicare Part A and/or Medicare Part B. In a Medicare Prescription Dr [..]

This is the percentage of health care expenses you pay after your deductible. Your health plan pays the rest up to any benefit or lifetime maximum.

Coinsurance is an arrangement by which the insured, in consideration of a reduced rate, agrees to carry an amount of insurance equal to a percentage of the total value of the property insured. An example is if you have guaranteed to carry insurance up to 80% or 90% of the value of your building and/or contents, whatever the case may be. If you don& [..]

Two or more people sharing the cost and benefit of an insurance contract.

Coinsurance is a provision that limits an insurer's coverage to a certain percentage, commonly 80 percent. This provision is common among indemnity insurance plans and preferred provider plans. I [..]

(1) A provision under which an insured who carries less than the stipulated percentage of insurance to value, will receive a loss payment that is limited to the same ratio which the amount of insuranc [..]

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage [..]

A percentage of all expenses in excess of the deductible that the insured must pay.

An agreement where an insurer and group plan member commonly share the cost of eligible health and dental expenses, for example 80%: 20%. Coinsurance generally refers to the insurer's share of th [..]

In health insurance, it means the insured person and the insurance company share losses in agreed proportion - also known as “percentage participation.” In managed health care, it refers to the portion of the cost of care for which the insured person is responsible. This often applies after the insured person meets a specified deductible. In homeow [..]

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage of each claim above the deductible paid by the policyholder. For a 20% health insurance coinsurance clause, the policyholder pays for the deductible [..]

The percentage of a provider’s charge that the insured agrees to pay based on the terms of their policy.

A portion of the bill for a medical service, that is not covered by the patient's health insurance policy and therefore must be paid out of pocket by the patient. Coinsurance is calculated by a percentage, for example, 10 percent of the total charge up to a specified maximum. Coinsurance is different to a Copayment, which is stated as a flat a [..]

An arrangement under which the member pays a fixed percentage of the cost of medical care after the deductible has been paid. For example, an insurance company might pay 80 percent of the allowable charge, with the member responsible for the remaining 20 percent; the 20 percent amount is then referred to as the coinsurance amount.

(1) In property insurance, a clause under which the insured shares in losses to the extent that he is underinsured at the time of loss. (2) In health insurance, a provision that the insured a [..]

a clause in insurance policies to protect the carrier by limiting the amount of reimbursement when inadequate coverage is held

Coinsurance is an arrangement between the insured and the insurance provider wherein the insured will agree to pay a certain amount of the medical expenses after the payment of deductibles.

This is how much you pay after you’ve reached your deductible when your carrier doesn’t cover the full cost of service, which is typically around 30% of the cost.

A percentage of a covered service that you are responsible for paying or the percentage paid by your plan.

An arrangement where patients and their insurance company share payment of a health care service. Coinsurance takes effect after the deductible amount has been paid. The coinsurance usually is a perce [..]

Your part of a medical bill that you pay after reaching your deductible. For example, if your medical bill for covered, in-network services is $100 and your coinsurance is 20%, you pay $20. The insurance company pays $80. See balance billing for details on out-of-network care.

In property insurance, a clause under which the insured shares in losses to the extent that he or she is under insured at the time of loss.

The enrollee’s share, expressed as a fixed percentage, of the insurance contract allowance. For example, a benefit that is paid at 80 percent by an insurance plan creates a 20 percent coinsurance obli [..]

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

(1) In property insurance, a clause under which the insured shares in losses to the extent that he is underinsured at the time of loss.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

A percentage of a covered service that you are responsible for paying or the percentage paid by your plan.

A provision of a program by which the insured shares in the cost of covered services on a percentage basis. The health plan assumes only a certain percentage of the cost while the covered person pays [..]

A policy provision by which the insured, in consideration of a reduced premium, agrees to carry an amount of insurance equal to a specified percentage of the total value of the property insured. This is not the same as coinsurance found in most health insurance policies.

The cost sharing part of your bill that you have to pay.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

A provision in the property insurance policy which requires the insured to carry insurance equal to a certain specified percentage of the value of the property for the insured to receive full payment [..]

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage [..]

In property insurance, a clause under which the insured shares in losses to the extent that he is underinsured at the time of loss.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss.

A vision insurance plan member's share of the costs of a health care service after the deductible has been met. Coinsurance usually is stated as a percentage of the amount the insurance company a [..]

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

A penalty clause in property insurance policies that requires a certain percentage of the property’s value to be insured. For example: A building with a replacement cost of one million dollars and an eighty percent coinsurance clause must be insured for at least eight hundred thousand dollars (eighty percent of the one million dollar value) or a pe [..]

An arrangement by which the insured, in consideration of a reduced rate agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage [..]

A term used to denote a plan of indemnity reinsurance wherein the reinsurance is based on the policy issued by the original insurer to the insured. The assuming company (reinsurer) assumes not only a [..]

Where you act as your own insurer for a specified proportion of the sum insured.

shall mean the percentage amount of eligible Covered Expenses, after the Deductible, which is Your responsibility and must be paid by You. The Coinsurance amount is stated in Your Schedule of Coverage [..]

You are required to pay this amount after you first pay your deductible, if you have a deductible. Here's an example:  Your coinsurance is stated as  80% of the next $5,000 of expenses, then 100% to the medical maximum. This means that after you pay your deductible, the insurance company will pay 80% of your eligible expenses up to $5,000 (80% [..]

In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage [..]

Where you act as your own insurer for a specified proportion of the sum insured.

n. an insurance policy in which the insurance company insures only a partial value of the property owned by the insured owner. Essentially the owner and the insurance company share the risk

A provision in the property insurance policy which requires the insured to carry insurance equal to a certain specified percentage of the value of the property for the insured to receive full payment [..]

(US) The joint assumption of risk between the insurer and the insured party. (international) The joint assumption of risk between multiple insurers.

A sharing of insurance risk between the insurer and the insured. Coinsurance depends on the relationship between the amount of the policy and a specified percentage of the actual value of the property insured at the time of the loss.

This term refers to (1) a relationship between two insurers that agree to share a risk proportionally and (2) those instances in which an insured assumes a portion of the risk.

The amount a person with insurance coverage must pay for health care services after co-payments and deductibles are met.  It’s your portion of the healthcare cost for covered services.