Q:What does it mean for co-insurance when I am looking at a quote?
A:Co-insurance usually comes into play after you have satisfied your deductible.Then the insurance company shares the expenses with you wither 80/20 or 50/50.For example, you’ve met your deductible and you have a claim of $100, if you were to have 80/20 that means the insurance company pays 80% you pay 20%.It’s the portion of your claims you share with the insurance company.
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