Meaning of coinsurance | Babel Free

Definitions

1. The joint assumption of risk between the insurer and the insured party.
   US, countable, especially, uncountable
2. The amount paid by the insured in accordance with this risk sharing.
   US, countable, especially, metonymically, uncountable
3. The joint assumption of risk between multiple insurers.
   countable, uncountable

Equivalents

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.”

CEFR level