coinsurance

Coinsurance is the percentage of healthcare costs you pay after reaching your deductible. For example, if your plan has 20% coinsurance, once your deductible is met, you pay 20% of each covered service's cost, while the insurance pays the remaining 80%. Coinsurance continues until you reach your out-of-pocket maximum, after which the plan covers 100%. It helps share the cost of healthcare between you and the insurance company, encouraging you to use services wisely while protecting you from very high expenses.