Co-insurance definition
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;
More Definitions of Co-insurance
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. Percentage based participation of the beneficiary on each loss or portion of the cost of receiving a service.
Co-insurance means a percentage of Eligible Expense specified in Section 1 and Section 4 of the Table of Benefits that the Policyholder must contribute in a Period of Insurance. For the avoidance of doubt, Co- Insurance does not refer to any amount that the Policyholder is required to pay if the actual expenses exceed the benefit limits under this Policy.
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 amount of the claim paid for by us. The remainder is the out-of-pocket expenses to be paid for by the Covered Person.
Co-insurance means the percentage by which the employees and the employer share in the amount of eligible expenses;