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