When the insured is required to pay a percentage of the covered services' costs, this is referred to as co-insurance
Coinsurance means that you and your insurance company each pay a portion of eligible costs that total 100 percent. For example, if your coinsurance is 20%, you will be responsible for 20% of the cost of your covered medical bills. The remaining 80% will be covered by your health insurance plan.
Coinsurance is a percentage of a medical charge that you pay, with your health insurance plan covering the rest. It usually applies after your deductible has been met. For example, if you have 20% coinsurance, you will be responsible for 20% of all medical bills, while your health insurance will cover the remaining 80%.
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