coinsurance

(redirected from co-insurance)
Also found in: Thesaurus, Medical, Legal, Financial, Wikipedia.
Related to co-insurance: reinsurance

co·in·sur·ance

 (kō′ĭn-sho͝or′əns)
n.
1. Insurance held jointly by two or more insurers.
2. A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.
3. A sum of money paid by a patient to a health care provider after a health insurance company has paid a contractual amount for a covered service, usually a fixed percentage of costs. Coinsurance usually applies after an annual deductible has been paid.

coinsurance

(ˌkəʊɪnˈʃʊərəns; -ˈʃɔː-)
n
1. (Insurance) a method of insurance by which property is insured for a certain percentage of its value by a commercial insurance policy while the owner assumes liability for the remainder
2. (Insurance) joint insurance held by two or more persons

co•in•sur•ance

(ˌkoʊ ɪnˈʃʊər əns, -ˈʃɜr-)

n.
1. insurance underwritten jointly with another insurer.
2. property insurance in which liability is assumed only for a specified percentage of the property value.
[1885–90]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.coinsurance - insurance issued jointly by two or more underwriters
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
Translations

coinsurance

[ˌkəʊɪnˈʃʊərəns] Ncoaseguro m, seguro m copartícipe
Mentioned in ?
References in periodicals archive ?
If you're opting for a plan that has co-insurance, this aggregate limit will most likely include the co-insurance payable too.
Tenders are invited for Provide Issue payments for monthly or quarterly health insurance premiums, deductibles, co-payments, and co-insurance on behalf of certified enrollees to insurance providers, employers, medical clinics, and other providers of medical services.
Know your maximum annual limit of medicines through your insurance and read the card for the percentage of co-insurance which is usually 20 per cent for all outpatient procedures and 10 per cent on medicines for the Essential Basic Package.
The second customer's doctor recommends another treatment that is more effective for her, yet it is on a higher insurance tier and she will need to pay more co-insurance out of pocket.
capture and upload photos and insurance card images, review and electronically pay co-insurance, co-payments and self-payment balances and electronically sign consents and financial forms.
The biggest change proposed is the creation of "independence accounts," a form of health savings accounts, for some participants to help cover co-payments, co-insurance and deductibles.
Mattis joins CW Solutions with 20 years of experience in the title insurance industry, specializing in managing closing desk, escrow agreements, post-closing clearance, bankruptcy, remittances, building loan projects, co-insurance, residential and commercial deals.
the maximum financial obligation of the insurer), and the deductible and/or co-insurance (which are amounts the insured must pay in the event of a loss).
But some have been shocked at how much their prescriptions are costing as insurers are sorting drug prices into a complex tier system and in some cases charging co-insurance rates as high as 50 percent.
Aslam, the insured, alleged that Higgins was negligent when it failed to procure sufficient insurance coverage for his property, failed to warn him that he was underinsured and failed to explain the 80% co-insurance clause in the policy.
The most expensive policies, on average, tended to offer the most generous benefits, typically offering both in-patient and out-patient coverage, and with small to non-existent deductibles, out-of-pocket limits, co-insurance and co-pays.
The most expensive policies, on average, tended to deliver the most generous benefits, typically offering both in-patient and out-patient coverage, and with small to non-existent deductibles, out-of-pocket limits, co-insurance and co-pays.