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.
2. More generally, a sharing of risk between the insurer and the insured. also called copay.
Related information about coinsurance:
- Co-insurance - Wikipedia, the free encyclopedia
In the US insurance market, coinsurance is the joint assumption of risk between the insurer and the insured. In title insurance it also means the sharing of risks ...
- TLC Family "How Coinsurance Works"
Coinsurance is when your insurance company pays part of your medical bills and you pay the other part. Learn about coinsurance and coinsurance plans.
- Co-insurance - Glossary | HealthCare.gov
Co-insurance: Your share of the costs of a covered health care service, calculated as a percent (for example, 20%) of the allowed amount for the service.
- What is co-insurance?
For illustrative purposes, a particular plan may provide 75/25% coinsurance (after a $2,000 deductible has been met) up to a specified amount called the ...
- Coinsurance - Legal Dictionary - The Free Dictionary
A provision of an insurance policy that provides that the insurance company and the insured will apportion between them any loss covered by the policy ...
- What is coinsurance? definition and meaning
Definition of coinsurance: An insurance policy provision under which the insurer and the insured share costs incurred after the deductible is met, according to a ...
- Coinsurance - Merriam-Webster Online
co·in·sur·ance. noun \ˌkō-ən-ˈshu̇r-ən(t)s also -ˈin-ˌ\. Definition of COINSURANCE. 1. : joint assumption of risk (as by two underwriters) with another. 2 ...
- Co-Insurance Definition | Investopedia
A co-sharing agreement between the insured and the insurer under a health insurance policy which provides that the insured will cover a set percentage of the ...