Ramolak19
Verified member
Anyway a frequent idea in health insurance coverage is co-insurance, which allows the policyholder and the insurance provider to split the cost of eligible medical services. Then after achieving the deductible, the policyholder usually pays a portion of the entire cost of treatments, with the insurance company picking up the remaining portion.
An 80/20 co-insurance split, for instance, would require the policy holder to pay twenty’s percentage of the total cost of coverage and the insurance company to pay the remaining eighty’s percentage.
Co-insurance encourages cost-sharing and prudent healthcare decision-making by dividing the financial burden of medical bills between the policy holder and the insurer.
An 80/20 co-insurance split, for instance, would require the policy holder to pay twenty’s percentage of the total cost of coverage and the insurance company to pay the remaining eighty’s percentage.
Co-insurance encourages cost-sharing and prudent healthcare decision-making by dividing the financial burden of medical bills between the policy holder and the insurer.
