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coinsurance

From Wiktionary, the free dictionary

English

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English Wikipedia has an article on:
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Alternative forms

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Etymology

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From co- +‎ insurance.

Pronunciation

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  • Audio (US):(file)

Noun

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coinsurance (countable and uncountable, plural coinsurances)

  1. (US) The joint assumption of risk between the insurer and the insured party.
    • 2021, Medicare & You 2022, Baltimore, MD: U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES : Centers for Medicare & Medicaid Services, page 6:
      For Part B-covered services, you usually pay 20% of the Medicare-approved amount after you meet your deductible. This is called your coinsurance.
  2. (international) The joint assumption of risk between multiple insurers.

Translations

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See also

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