What is Coinsurance (Health Insurance)? | LIFE-HEALTH Exam Prep

Coinsurance is a cost-sharing arrangement where the insured pays a percentage of covered medical expenses after the deductible is met, typically 20% with insurance paying 80%. 📚 Learn more about Coinsurance (Health Insurance) and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Coinsurance (Health Insurance) definition: https://www.open-exam-prep.com/glossary/coinsurance-health 💡 Exam Tip: 80/20 = insurance pays 80%, you pay 20%. Applies AFTER deductible is met. --- #insurance #examprep #financeexam #life-health