coinsurance in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Coinsurance is a provision in health insurance that requires the policyholder to pay a specified percentage of covered medical expenses after the deductible has been satisfied.
Crossword clues for coinsurance
Crossword clue ideas and answer hints for the word "coinsurance".
- Shared cost in health insurance after deductible
- Percentage of medical bills paid by the insured
- Out-of-pocket expense alongside health insurance
- Cost-sharing arrangement in healthcare coverage
- Insured's share of expenses after meeting deductible
Coinsurance sentence examples
- Coinsurance typically requires the policyholder to pay a percentage of the covered medical expenses after the deductible has been met.
- Many health insurance plans have a coinsurance clause that outlines how much the insured will pay for services after reaching their deductible.
- Understanding coinsurance is crucial for evaluating how much out-of-pocket expense one might incur during a medical procedure.
- In some cases, coinsurance rates can vary significantly between in-network and out-of-network providers, impacting overall healthcare costs.
- It's important to review your insurance policy to know your coinsurance obligations for various types of care and services.