Can you explain what co-insurance is?
Sure! Co-insurance is the percentage of costs of a covered healthcare service that you pay after you've paid your deductible.
How does it work in a health insurance plan?
In a typical health insurance plan, after you meet your deductible, you might pay 20% of the costs while your insurance covers the remaining 80%.
Are there any limits to co-insurance?
Yes, many plans have an out-of-pocket maximum, which caps the total amount you would pay in co-insurance for the year.
What happens if I don't meet my deductible?
If you haven't met your deductible, you'll be responsible for the full cost of your medical services until you do.
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