coinsurance
Patient pays percentage
Coinsurance is a form of insurance in which the insured party pays a fixed percentage of costs after meeting a deductible.
In health insurance, you might pay 20% coinsurance while your insurer covers 80%: After surgery, my coinsurance came to three thousand dollars.
In property insurance, coinsurance clauses require policyholders to insure property at a minimum percentage of its value or face reduced payouts.
Added cost for better
- deductibleOut-of-pocket threshold amount
- policyholderOwner of insurance contract
- underwritingRisk evaluation and acceptance
- exclusionsThings deliberately left out
limits · provisions · riders · endorsement · beneficiary · clause · renewal · cancellation
Paid from personal funds
- deductibleOut-of-pocket threshold amount
- premiumAdded cost for better
- HMONetwork-based insurance plan
- PPOPreferred provider organization
network · provider · formulary · prescription · pharmacy · enrollment · subscriber · eligibility
State of being unprotected
- liabilityLegal or financial obligation
- perilSerious threat of harm
- hazardSource of potential harm
- probabilityQuantified chance of occurrence
uncertainty · loss · actuary · actuarial · retention · aggregate · catastrophic · stop-loss
Proportion out of hundred
- splitSeparation into parts
- proportionComparative relation of parts
- ratioComparative numerical relation
- out-of-pocketPaid from personal funds
premium
Added cost for better
- deductibleOut-of-pocket threshold amount
- policyholderOwner of insurance contract
- underwritingRisk evaluation and acceptance
exclusions · limits · provisions · riders · endorsement · beneficiary · clause · renewal · cancellation · coverage
out-of-pocket
Paid from personal funds
- deductibleOut-of-pocket threshold amount
- premiumAdded cost for better
- HMONetwork-based insurance plan
PPO · network · provider · formulary · prescription · pharmacy · enrollment · subscriber · eligibility · benefits
exposure
State of being unprotected
probability · uncertainty · loss · actuary · actuarial · retention · aggregate · catastrophic · stop-loss · cap
percentage
Proportion out of hundred
- splitSeparation into parts
- proportionComparative relation of parts
- ratioComparative numerical relation
out-of-pocket · balance · contribution · participation · allocation
- Co- wordscoauthor, coexist, cooperate, coordinate, coworker
- medical costsmedical bills, hospital bills, prescription costs, hospital costs, medical expenses
- personal expensescopay, copays, co-payments, deductible, deductibles
- insurancecoverage, underwriting, premium, claims, policyholder
- cost sharingcopay, deductible, out-of-pocket, group rates, family plan
- dental insurancecoverage, premium, premiums, deductible, deductibles
coinsurancefull coverage
Protection without exclusions
comprehensive coverage · uninsured · self-pay · out-of-pocket
ensure, insure, insurance, reassure, assurance, assure, insured, assuredly, ensures