Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.
Co-insurance means the percentage of each insured loss that is not indemnified by the insurer but is borne by another insurer;
Examples of Co-insurance in a sentence
Co-Insurance Provision Insurance pays 60% of covered expenses up to a maximum of $6,000/person with no cross application, excluding deductibles for in-network services and sixty percent (60%) of covered expenses, up to a maximum of $10,000/family.
Accumulation Period Calendar Year Co-Insurance Provision Insurance pays ninety percent (90%) of covered expenses up to a maximum of $500/person with no cross application, excluding deductibles for in-network services and ninety percent (90%) of covered expenses, up to a maximum of $1,000/family.
More Definitions of Co-insurance
Co-insurance. Percentage based participation of the beneficiary on each loss or portion of the cost of receiving a service.
Co-insurance means the portion of the carrier's allowable charge for the covered item or service which is not paid by the carrier and for which the enrollee is responsible.
Co-insurance means an amount that a Medicare beneficiary pays to a provider for furnishing medical or allied care, goods, or services.
Co-insurance means the percentage of the payment for Covered Services for which the Member is responsible under the applicable Health Benefits Plan, after the Deductible is satisfied.
Co-insurance means the percentage by which the employees and the employer share in the amount of eligible expenses;
Co-insurance means that percentage of a covered charge that is payable by you.