Purposes of the coinsurance clause in health insurance contracts include which of the following?
I.To reduce premiums.
II.To exclude coverage for certain medical procedures.

Question

Quizplus · Accepted Answer

The coinsurance clause is designed to reduce premiums by sharing the cost of medical expenses between the insurer and the policyholder. It does not exclude coverage for any specific medical procedures.

Purposes of the Coinsurance Clause in Health Insurance Contracts Include