One of the mysteries of the English language finally explained.
A type of insurance in which the insured pays a share of the payment made against a claim.
- ‘Nevada, for example, requires that severe mental illness be covered, but co-insurance or co-payments can be as much as 150% of the out-of-pocket expenses for medical or surgical benefits.’
- ‘To suggest that removing cost-sharing arrangements like co-insurance, exclusions, and deductibles that provide cost control to employers is short sighted and, in reality, removes any cost containment in the plan.’
- ‘Two more numbers to pay attention to are your deductible, or the amount you have to pay before your benefits kick in, and your co-insurance, or the percentage of physician's fees you're responsible for.’
- ‘This gives employees a set annual spending limit with a dramatically increased list of redeemable expenses, and no co-insurance, exclusions, or deductibles.’
- ‘While the House of Representatives approved legislation in November creating a co-insurance mechanism to reduce insurers' aggregate losses, the Senate failed to get its bill off the floor.’
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