Cossurance is the percentage of a medical bill for which you are responsible after meeting your franchise. Consider it as an agreement with your insurance company to share costs: you each pay part of the invoice, which increases at 100%. How does it work? If you have health insurance and have reached your franchise, you may have to pay the coastal. As a rule, your supplier will send you an invoice detailing what you need after establishing the costs with your insurance company. The amount you pay is generally a fixed ratio, so you will be responsible for the same percentage of a load each time. This means that the insurance company pays 80% of the bill, while you pay the remaining 20%. But some plans will fix your responsibility to other amounts, such as 10%, 30%or even 40%. E60DC2A1-F33C-4A05-9B50-8E3E8E597629C11A65B8-95D5-4823-830E-BF238614B73D Some insurance plans do not provide corners. In this case, you can be responsible for the entire invoice, or your insurance company can take the entire tab.E60DC2A1-F33C-4A05-9B50-8E3E8E597629F004B201-9E7E-44C3-9764-CB0AF1868382 How to calculate my coinsurgation cost? How to calculate your amount of coastal will depend on your health plan. If you have a separation of Coassurance 80/20 with your insurance company, a doctor’s invoice of $ 100 will look like this: you will pay $ 20 (20%). Your insurance company will pay $ 80 (80%). Remember that you should always hit your franchise before co -assumption is getting started. COIINSURANCE VS Copay Coinsurance is not the same as a copyization, which is a payment that you make for a specific health service. Although co-assumption and copays are both pocket costs, there are key differences between the two.E60DC2A1-F33C-4A05-9B50-8E3E8E597629E4D749C9-87D0-4696-BC14-A833C99DB9CF What is the difference between the coinsurance and the deductible? Coassurance vs deductible a deductible is the amount you have to pay before your insurance company begins its coverage. Once you’ve reached this amount, your co -assurance comes into play and you start to share the invoice with your insurance company. For example, if you have a $ 2,000 deductible, you will have to pay all this first. Then, your insurance will divide the rest of the costs with you according to your coassurance rate. Certain preventive services, such as screening and checks, can be paid by your insurance company without obliging you to respect your FIRST.E60DC2A1-F33C-4A05-9B50-8E3E8E597629EBDF7113-9C2C-4FD9-85B525D50 How do you comply with On a VS network out of network, your coassurance rates can be higher if you go to a doctor or hospital with which your insurance does not work. In fact, your insurance cannot cover off -network care. This leaves you with all the bill to pay. It is important to understand your specific policy and what it covers for network care and out of network.E60DC2A1-F33C-4A05-9B50-8E3E8E597629E349ABF6-4188-4470-B0A8-1B66D6D83626 Is it a maximum of the pocket? The maximum coassurance payments go to your exceptional maximum. Once you have reached your maximum for the year, you will no longer have to pay for a coassurance. Your insurance will cover 100% of your costs for the rest of the year. Most health insurance companies offer a split of 80/20, which means that they will cover 80% of the bill, while you will pay 20%. Cossurance payments go to your maximum under the pocket. When you reach this amount, your insurance will cover all costs for you. Resources We trust Healthcare.Gov: in the co-assurance network healthinsurance.org: What is coastrance? Kaiser Permanent: Glossary of Adligibility and Benefits Terms Texas Department of Insurance: Do you know the difference between a copy and coastal? US Department of Health and Human Services: What are the Medicare premiums and the coastal rates?
