What does 0 Coinsurance Mean in Health Insurance?
Health insurance is a complex subject, and understanding the meaning of all the components and terminology can be daunting. One of these components is coinsurance, which is the percentage of medical costs that the insured person is responsible for paying. Coinsurance is often confused with copayment, which is a fixed amount that the insured person is responsible for paying for each medical service. Knowing what coinsurance is and how it works is an important part of understanding health insurance....