Suppose that you have private health insurance.Last year you were injured once,which represented the only time you had a medical expense.At the time,you paid $25 to see your doctor,who referred you to a specialist.The total bill for the specialist was $1,100.You paid the first $500,then 10% of the additional $600 (equal to $60). Which of the following is the coinsurance?

Question

Quizplus · Accepted Answer

Coinsurance is the percentage of the cost of covered healthcare services that you pay after you have paid your deductible. In this case, the deductible was $500, and you paid 10% of the remaining $600, which is equal to $60. Therefore, the coinsurance is the $60 paid toward the cost of seeing the specialist.

Suppose That You Have Private Health Insurance