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