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Sunday, April 17, 2011

Individual Health Insurance Word for the Day

Health Insurance WORD FOR THE DAY


Coinsurance


The amount you are required to pay for medical care in a fee-for-service plan after you have met your deductible. The coinsurance rate is usually expressed as a percentage. For example, if the insurance company pays 80 percent of the claim, you pay 20 percent.


Coinsurance and the Demand for Medical Services (Report No.R-9641)

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