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What is a Coinsurance Rate?

coinsurance rate
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What is a Coinsurance Rate?

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Your co-insurance rate refers to the portion of your medical expenses, above your annual deductible. The most common co-insurance formula is 80% to 20% to $5,000.00, but a wide range of variations are common, including a 50% to 50% to $2,500.00 rate formula that has become quite popular in recent years.

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