HR Glossary for HR Professionals
Glossary of the most common HR terms and acronyms to assist professionals navigating the ever-growing and ever-changing world of HR terminology.
What is a Coinsurance?
Coinsurance refers to your share of costs of a covered health care service, after your deductible has been met.
How it works:
You’ve paid $2,500 in health care expenses and have met your deductible for the year. Anytime you visit the doctor after that point, you and your health insurance provider share the costs. 80/20 is a popular split; your insurance provider would pay 80% and you’d pay 20%.
Related Terms: Deductible, Health Insurance