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When you are geting health insurance, what does coin insurance mean?

April 26, 2017Business coin Finance geting health insurance Insurance mean

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When you are geting health insurance, what does coin insurance mean?

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The term is co-insurance, which means that they will insure you for a portion of the cost after the deductible is met. So, when it says “80/20 co-insurance”, they will pay 80% after deductible, and you will be responsible for the remaining 20%.