Outrageously Funny Word Dictionary :: Coinsured

👉 Coinsurance, also known as copayments or co-payments, is a form of healthcare payment that requires patients to pay a portion of their medical expenses upfront. This can be in the form of a deductible (the amount they must pay before their insurance coverage kicks in), an annual contribution (a percentage of their total bill), or a reduction in the cost of certain procedures. In the context of a health plan, coinsurance is often used to reduce the financial burden on patients by covering more

coinsured