Sentences with phrase «coinsurance percentage»

For example, suppose that you have just purchased a commercial property policy that includes a 90 percent coinsurance percentage.

This value should equal the coinsurance percentage shown in the declarations multiplied by your estimated net income and expenses (item # 2 above).

These requirements may include a coinsurance percentage of at least 80 % or insurance that is written on a value reporting basis.

Each provider offers different budget options, varying in the deductible and coinsurance percentage you pay.

Let's say you have a $ 2,000 deductible, an 80/20 coinsurance percentage and a $ 6,000 out - of - pocket maximum on your current health insurance plan.

However, beyond your monthly premium costs, three factors come into play when you have unexpected medical debt: the deductible, the coinsurance percentage and the out - of - pocket maximum.

Typically, a plan with a lower monthly premium will have a higher deductible, copay, and coinsurance percentage, which increases the amount you'll spend out - of - pocket for health care services.

Enter in the replacement value of your house, the depreciated value of your house, the homeowners insurance coverage amount, the home insurance coinsurance percentage amount, and the amount of loss incurred.

Typically, plans with a low monthly premium tend to have higher deductibles, copayments, and coinsurance percentages.

Coinsurance percentages apply to treatment delivered within the U.S. and Canada if outside the PPO network.

Not exact matches

Or if you have coinsurance of, say, 20 percent, you're responsible for that percentage of $ 100, not $ 200.

Coinsurance represents a percentage of each medical bill which you are required to pay after your deductible has been paid.

Coinsurance depends on the relationship between the amount of the policy and a specified percentage of the actual value of the property insured at the time of the loss.

Coinsurance is the percentage amount of covered expenses, after the Deductible, which is your responsibility to pay.

Coinsurance: Some policies may have coinsurance, which requires you to pay a certain percentage of the serviceCoinsurance: Some policies may have coinsurance, which requires you to pay a certain percentage of the servicecoinsurance, which requires you to pay a certain percentage of the services rendered.

With coinsurance the insurance policy beneficiary shares the cost of the insured service with the insurance company at a predetermined percentage outlined in the coinsurance clause of the policy.

Coinsurance is the percentage amount a patient is required to pay towards their own health insurance bill when they file a health insurance claim.

Coinsurance — The percentage of additional medical expenses that the insured meets in addition to the deductible.

Coinsurance is the percentage of the cost that you pay for covered services after you've reached your deductible.

Unlike a copayment, coinsurance isn't a fixed cost — it's a percentage of the cost that you pay for covered services.

Coinsurance is a percentage of a healthcare service that you will pay for.

Coinsurance: Unlike a copay, which is a flat amount, coinsurance is a fee you pay that is a percentage of the cost of a coverCoinsurance: Unlike a copay, which is a flat amount, coinsurance is a fee you pay that is a percentage of the cost of a covercoinsurance is a fee you pay that is a percentage of the cost of a covered service.

The other important aspects of healthcare include your co-pay (the fixed amount you'll pay for prescriptions and services), your premium (essentially your monthly health insurance bill) and coinsurance (which is similar to a copay, but goes by percentages.

Health insurance doesn't always cover all of your medical costs; your total out - of - pocket costs may include your deductible the amount you have to spend before health insurance kicks in), your copayments (a fixed amount you pay for certain services or medication), and your coinsurance (a percentage of the cost that you pay for certain services or medication).

Coinsurance is a percentage of the cost of health services that you pay, usually after you've met your deductible.

The term «Coinsurance» shall mean the percentage amount of eligible Covered Expenses, after the Deductible, which are the responsibilities of the Insured Person and must be paid by the Insured Person.

The second kind is a percentage copay, like 80/20, also called «coinsurance,» meaning that once you are past your deductible limit, you will pay 20 % of the rest of the bills and your insurer will pay 80 %.

A copayment is similar to coinsurance, but instead of being figured as a percentage of a service's cost, it is calculated as a flat fee for a medical service.

A coinsurance fee refers to a percentage of a healthcare cost that they will be charged.

Coinsurance: Coinsurance is a percentage of a medical charge that you pay, with the rest paid by your health insurance plan, after your deductible has been met.

If it were subject to the deductible, you'd pay full price for the service, assuming you hadn't already met your deductible (if you had already met your deductible, you'd pay either a percentage of the cost - coinsurance - or nothing at all, if you'd also already met your out - of - pocket maximum).

Coinsurance: Instead of paying a fixed amount up front (a co-payment), the co-insurance is a percentage of the total cost the insured person may be required to pay.

Coinsurance: Some health insurance requires that you pay a percentage of the cost of covered health - related services after you have met your annual deductible.

The remaining percentage that you pay is called coinsurance.

Healthcare.gov describes coinsurance as follows: «the percentage of costs of a covered healthcare service you pay (20 %, for example) after you've paid your deductible.

You are supposed to insure the STUCTURE for 100 % of its current replacement cost (not less than 80 % of replacement cost to avoid what is known as a «coinsurance penalty» which reduces your payable claims by the percentage of underinsurance).

Drugs in Tier 4 are generally covered with coinsurance (you pay a percentage of the cost) as opposed to a flat - rate copay.

Coinsurance is a percentage of the bill you pay each time you get a particular type of health care service.

Coinsurance (the percentage of costs paid by a patient after paying their deductible) was the term least understood by survey respondents.

Coinsurance, on the other hand, is a percentage you pay after you've met your deductible.

If you carry less that the minimum amount agreed upon of coverage the insurance company imposes a coinsurance penalty that reduces the payment on the loss by the same percentage of the insurance shortfall.

The percentages covered by each party will be defined in the insurance contract and it's important for policy holders who have coinsurance to understand their obligations under that contract.