What is the difference between insurance and coinsurance?
I'm on a website looking up health insurance quotes and it also has a column listed for something called coinsurance. What is coinsurance? Here's the site I'm looking at: http://www.lowcosthealthins.com/quote/plans.jsp
Public Comments
- Insurance is your actual coverage. Co-insurance is an amount your insurance company says you have to pay on a medical bill. For instance a $10 copay is your co-insurance. Some have a set rate, some have a percentage.
- To Be honest,It will take a little time to find the answer for the question of yours.have a look at the resource here http://www.HealthInsuranceIdeas.info/free-online-health-insurance.htm for your reference .
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