Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun Insurance held jointly by two or more insurers.
  • noun A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.
  • noun A sum of money paid by a patient to a health care provider after a health insurance company has paid a contractual amount for a covered service, usually a fixed percentage of costs. Coinsurance usually applies after an annual deductible has been paid.

from The Century Dictionary.

  • noun See insurance.

from the GNU version of the Collaborative International Dictionary of English.

  • noun Insurance jointly with another or others; specif., that system of fire insurance in which the insurer is treated as insuring himself to the extent of that part of the risk not covered by his policy, so that any loss is apportioned between him and the insurance company on the principle of average, as in marine insurance or between other insurers.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun US The joint assumption of risk between the insurer and the insured party.
  • noun international The joint assumption of risk between multiple insurers.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun insurance issued jointly by two or more underwriters

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

co- +‎ insurance

Examples

  • - Admiral has extended its long-term coinsurance and reinsurance arrangements with Munich Re for its U.K.,

    FOXNews.com

  • - Admiral has extended its long-term coinsurance and reinsurance arrangements with Munich Re for its U.K.,

    FOXNews.com

  • In fact, the regulations impose a major vise on private insurance, restricting a company's ability to increase cost sharing (such as coinsurance, deductibles and out-of pocket limits) as well as copayments ( "more than the sum of medical inflation plus 15 percentage points or $5 increased by medical inflation").

    The Unmet Promise Of Obamacare

  • In fact, the regulations impose a major vise on private insurance, restricting a company's ability to increase cost sharing (such as coinsurance, deductibles and out-of pocket limits) as well as copayments ( "more than the sum of medical inflation plus 15 percentage points or $5 increased by medical inflation").

    The Unmet Promise Of Obamacare

  • That 13% savings also happens roughly to match what economic studies estimate for the economy as a whole if the national "coinsurance" rate were corrected for the tax bias in favor of insured spending.

    Wising Up on Health Care

  • Suppose, for example, that an individual could purchase a clothing insurance policy with a "coinsurance" rate of 20 percent, meaning that after paying the insurance premium, the holder of the insurance policy would have to pay only 20 cents on the dollar for all clothing purchases.

    The Health Care Crisis and What to Do About It

  • But Ornish never mentioned its less pleasant side: the plan shifted costs to patients, spiking deductibles and requiring people to pay 20 percent "coinsurance" when they got sick.

    Media Blog on National Review Online

  • Why not have people pay 5 percent coinsurance for the amount from $5000 to $100,000.

    Ezra and Elasticity, Bryan Caplan | EconLog | Library of Economics and Liberty

  • In 2012, the letter says, employees under a certain type of plan will see their coinsurance payments go from 10% to 20% up to the out-of-pocket maximum.

    Boeing Increases Employee Health-Insurance Fees, Cites Cost Pressures

  • Essentially, you can purchase catastrophic health insurance, reducing your monthly insurance premiums dramatically, and put money that can be used to cover the deductible and coinsurance if you need it up to an annual cap into a Health Savings Account.

    Natalie Pace: Reducing Expenses After Divorce

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