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What is the difference between a deductible and co-insurance?

April 26, 2017Co-Insurance deductible difference

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What is the difference between a deductible and co-insurance?

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A deductible is the amount you must pay for health care services, before Medicare begins to pay. The deductible amount can change every year. Co-insurance is a percentage (generally 20%) of the Medicare-approved amount that you must pay after you pay your deductible.