coinsurance in A Sentence

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    Coinsurance is like a copay,

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    2

    And then we also have Coinsurance,

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    Coinsurance: The percentage of a medical bill that you must pay.

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    Coinsurance- this is the percentage of your medical care costs that you will have to pay.

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    Even when care is“covered,” the definition of“coverage” can include high deductibles, copayments, Coinsurance, and surprise out-of-pocket bills for patients.

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    The Coinsurance formula becomes effective when a homeowner fails to keep coverage of at least 80% of the home's replacement value.

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    The Coinsurance formula becomes effective when a homeowner fails to keep coverage of at least 80 percent of the homes replacement value.

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    For example, if your insurance company pays 80 percent of the allowed fee for a service under your plan, your Coinsurance is 20 percent.

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    9

    Unlike Coinsurance where the insured is required to pay a certain percentage of the covered costs, co-pay plans require the insured to pay a specified dollar amount.

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    10

    In other words, once you spend $6,350 in deductibles, co-pays and Coinsurance(but not premiums), your insurance company will cover 100 percent of costs for the rest of the year.

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    11

    Coinsurance: Instead of, or in addition to, paying a fixed amount up front(a co-payment), the Coinsurance is a percentage of the total cost that insured person may also pay.

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