What is coinsurance?
Coinsurance is the percentage of coverage provided by health insurance companies, after co-payments or deductibles have been met. For example, a 25% coinsurance rate means that you are responsible for paying 25% of any medical costs incurred. Specifically, $75 of a $100 medical bill would be covered by the insurance company, and your out-of-pocket cost would be $25. It is important to note that each insurance company has its own combination of co-payments, deductibles, and coinsurance.
Individual and Family Plan FAQs
- Do I make payments directly to the insurance company?
- How do I know you are finding me the lowest premiums?
- How do I pick the best health insurance plan for me?
- How do I start my coverage?
- How is a network used by insurance companies?
- If I provide my personal information to Benepath, how do I know it is safe?
- Is there any obligation for me to buy an insurance plan once I have applied?
- What if I only want to insure my children?
- What is a co-payment?
- What is a deductible?
- What is a Health Maintenance Organization (HMO)?
- What is a Health Savings Account (HSA)?
- What is a Point of Service (POS) plan?
- What is a Preferred Provider Organization (PPO) plan?
- What is an Indemnity plan?
- What is coinsurance?
- What types of individual and family insurance plans does Benepath offer?
- Who do I contact if I need help?
- Why Benepath?
- Why will individual and family health insurance work for me?