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What is coinsurance?
Ricky Phipps avatar
Written by Ricky Phipps
Updated over 6 years ago

Coinsurance is the percentage of the service you are responsible for. For example, 20% coinsurance means you pay 20% of the bill and your insurance carrier covers the rest. 

If it says 20% coinsurance after deductible, that means you will pay the full cost of the service until the deductible is met, then you’re only responsible for 20%.

Once you reach your out-of-pocket max, your plan will pay at 100%

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