The 20 percent expense that is the responsibility of the insured under an indemnity insurance policy is called _______________.

Question

Quizplus · Accepted Answer

Coinsurance is the term used to describe the percentage of a medical bill that the insured is responsible for paying under the terms of their health insurance policy. In this case, if the policy stipulates a 20 percent expense for the insured, this amount is referred to as coinsurance.

The 20 Percent Expense That Is the Responsibility of the Insured