Coinsurance is an amount of the cost of a Michigan medical service that you are responsible for paying. Unlike a co-payment, which is a fixed-dollar amount, coinsurance is expressed as a percentage. For example, many insurance plans have 20% coinsurance of the next 10,000 after deductible for hospital costs, meaning you pay 20% of the total cost of a trip to the hospital.

About the author

Billy Bj Strawter Jr wrote 133 articles on this blog.

My name is BJ Strawter. My grown up name is Billy. Which means everyone calls me Bill. I am an entrepreneur. My first business was a dance club. Next to a police station. First lesson on the importance of location in business.

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Originally posted 2009-07-31 18:38:42. Republished by Blog Post Promoter

Tags: co-insurance, coinsurance, health insurance