What is coinsurance and how does it affect my health insurance?

By June 28, 2018 Uncategorized

Coinsurance on a health insurance policy is actually a relatively straight-forward concept.

If coinsurance is listed in the coverages of your health insurance policy the coinsurance percentage listed is the percent of the benefit expense which you the insured is responsible for.

The common coinsurance percentages seen on a health insurance policy are 10% or 20%.

If you have 10% coinsurance and $100 health bill. You as the insured owe $10. On most policies it’s that simple.

Watch this video “What is coinsurance and how does it affect my health insurance?” for more details:

Welcome to The Murray Group Solution Center

This is video #40 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.

If you have additional questions regarding health insurance or if you would like to discuss and receive a quote for a health insurance policy use the link below:

Contact Murray Group Insurance Expert

If you prefer to call our office number is – (518) 456-6688

You can also connect with The Murray Group further on The Murray Group Facebook Page.

If you are not quite ready to contact us about your insurance but enjoyed and/or found the information in this post useful we would very much appreciate you posting a review on GoogleYelp or Facebook.

Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.

created by Ryan Hanley