Coinsurance refers to the percentage of covered expenses that the insured person is responsible for paying out of pocket, after the deductible has been met. For example, if the coinsurance is 20%, the insurance company pays 80% of covered expenses and the insured pays the remaining 20%.

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What Is Coinsurance

Question 13

Multiple Choice

What is coinsurance?

A) Both parents have employer-sponsored insurance coverage for their children.
B) Two insurance companies combine to offer group insurance coverage.
C) An employee pays all out-of-pocket expenses before the insurance takes effect.
D) The insured pays a percentage of covered expenses.

Correct Answer: