What is a deductible and coinsurance?
A deductible is the amount of money that you must pay a health care provider before your insurance policy will pay. Coinsurance in the percentage of money that you pay after your deductible is met. Most companies have coinsurance clauses that state the insurance company pays 80% while you pay 20%.
Related Questions
- Which fields on the UB-04 should be used to indicate Medicare coinsurance and deductible if the form locator 39 is used by the provider for something else?
- Can my prescription drug copayments be used to satisfy my calendar year deductible or coinsurance?
- What is the difference between a deductible and coinsurance?
