What is a deductible, coinsurance, co-payment, share of cost?
• A deductible is an annual expense that you must pay before your insurance benefits can begin. • Coinsurance is the portion of the total bill (usually a percentage) that is the patient’s (guaranto’s) responsibility to pay. This amount can vary based on place of service, or type of policy. • Share of Cost is usually associated with Medi-Cal beneficiaries. Share of Cost refers to the amount of health care expenses a recipient must pay for each month before Medi-Cal eligibility begins. Share of Cost is an amount that is paid to the provider of health care services, not the state.
