Wednesday, May 9, 2018

What is Co-Insurance? [Health Insurance]

A new post has been published on our website.



Co-insurance means 2 parties will be paying for the bill. “Co” means joint, mutual, 2 or more. The insurance company will usually pay the larger amount (example 70%) and you will usually pay the lesser amount (example 30%). This would be a co-insurance 70/30. This (co-insurance) usually happens AFTER the deductible.


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