coinsurance
Definition 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.
Definition 2
More generally, a sharing of risk between the insurer and the insured. also called copay.
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Related Terms
major medical insurance
'coinsurance
' appears in the definitions of these terms on BusinessDictionary.com
eighty percent rule, insured value, underinsured, average
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