What is the co-insurance amount mean?
A The percent of the Medicare/Private Insurance “approved amount” that you have to pay after you pay the deductible for Part A and/or Part B. In the Medicare Plan, the co-insurance payment is twenty (20%) percent of the approved amount for the service. Coinsurance (Assignment) – The percentage of the Medicare/Private Insurance “approved amount” that you have to pay after you pay the deductible for Part A and/or Part B. In the conventional Medicare Plan, the co-insurance payment is twenty (20%) percent of the approved amount for the service.
