What is Coinsurance?

Coinsurance is the percentage of a medical bill that you’ll be responsible for when you receive medical care. A common coinsurance rate is 80/20, where you pay 20% of a medical bill and your insurance plan pays for 80%.

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Coinsurance is slightly different than copayments. They both are a part of a medical bill you’ll be responsible for, but a copayment is a dollar amount — such as $20 for a doctor’s visit — rather than a percentage.

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