Definition of co-insurance in English:
A type of insurance in which the insured pays a share of the payment made against a claim.
- Two more numbers to pay attention to are your deductible, or the amount you have to pay before your benefits kick in, and your co-insurance, or the percentage of physician's fees you're responsible for.
- To suggest that removing cost-sharing arrangements like co-insurance, exclusions, and deductibles that provide cost control to employers is short sighted and, in reality, removes any cost containment in the plan.
- This gives employees a set annual spending limit with a dramatically increased list of redeemable expenses, and no co-insurance, exclusions, or deductibles.