About The Medical Condition Coinsurance and Deductibles
Find the definition of the medical term Coinsurance and Deductibles. Coinsurance and Deductibles defined and explained for easy understanding at the Medical Conditions from ClusterMed.info.
Coinsurance and Deductibles
| Coinsurance and Deductibles Medical Condition |
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What's The Definition Of The Medical Condition Coinsurance and Deductibles?
Cost-sharing mechanisms that provide for payment by the insured of some portion of covered expenses. Deductibles are the amounts paid by the insured under a health insurance contract before benefits become payable; coinsurance is the provision under which the insured pays part of the medical bill, usually according to a fixed percentage, when benefits become payable.
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