coinsurance

noun

Etymology

From co- + insurance.

Definitions

  1. The joint assumption of risk between the insurer and the insured party.

  2. The amount paid by the insured in accordance with this risk sharing.

    • For Part B-covered services, you usually pay 20% of the Medicare-approved amount after you meet your deductible. This is called your coinsurance.
  3. The joint assumption of risk between multiple insurers.

The neighborhood

Vish — recursive loop

No curated loop yet for coinsurance. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA