Coinsurance refers to the amount a person has to pay for medical services before the health plan begins to pay benefits.

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Coinsurance refers to the percentage of covered expenses paid by the insured.Most indemnity plans stipulate 20 percent coinsurance.This means that the plan will pay 80 percent of covered expenses,whereas the policyholder is responsible for the difference,in this case 20 percent.Coinsurance amounts vary according to the type of expense.Insurance plans most commonly apply no coinsurance for diagnostic testing and 20 percent for other medical services.The deductible refers to the amount a person has to pay for medical services before the health plan begins to pay benefits.

Coinsurance Refers to the Amount a Person Has to Pay