In health insurance, coinsurance is similar to the idea of a co-payment or copay, except that the coinsurance amount is expressed as a percentage of the claim, while a copay is expressed as a specific amount. For example, let's say you need to see a doctor for a medical condition and...
Coinsurance is a common part of many health insurance plans. Even if the plan has copayments for certain services, there may be coinsurance that applies once you hit your deductible. If you’re purchasing an Obamacare health insurance plan from the Affordable Care Act Marketplace, the coinsuranc...
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 ...
A health insurance policy may have a coinsurance clause that requires the insured to pay a percentage of the costs of medical treatment, while the insurer covers the rest. A property insurance policy may have a coinsurance clause that requires the insured to insure their property for a certain ...
Medical Definition coinsurance noun co·in·sur·ance ˌkō-ən-ˈshu̇r-ən(t)s, -ˈshər- also -ˈin-ˌshu̇r-, -ˌshər- : health insurance in which an insurer requires the insured to pay a fixed percentage of the cost of medical expenses ...
A "coinsurance" condition in a property insurance policy is analogous to the need for a standard definition of "payroll" to compute workers compensation premium. All workers compensation insurers use the same "payroll" definition established by workers compensation rating bureaus such as the National ...
Not all health insurance plans have copays and coinsurance. Some healthcare plans might not require customers to pay a copay for certain medical services, although these plans will typically come with higher premiums. On the other end, a catastrophic health plan with a very high deductible might...
(1991). “Distribution Effects of Coinsurance Options in Social Health Insurance Systems.” In Guillermo Lopez-Casanovas (ed.), Incentives in Health Economics. Readings of the 1st European Conference on Health Economics . Berlin: Springer, pp. 120-133.Breyer, Friedrich (1991). Distribution ...
SYSTEM AND METHOD FOR PAYMENT OF COINSURANCE AMOUNT IN MEDICAL INSURANCE SUCH AS HEALTH INSURANCEPROBLEM TO BE SOLVED: To provide a system for the payment of a medical insurance coinsurance amount that can defer payment without requesting a signature or an entry of a personal identification number....
Co-pays, Deductibles, and Coinsurance for Employer-Sponsored Health Insurance in the State and Local Government Workforce, by Census Division, 2005. Statistical Brief No. 185Co-pays, Deductibles, and Coinsurance for Employer-Sponsored Health Insurance in the State and Local Government Workforce, by ...