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.
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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