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Co-Insurance

Written by: PeopleKeep Team
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Originally published on November 2, 2012. Last updated November 21, 2013.
Instead of, or in addition to, paying a fixed amount up front (a co-payment), the co-insurance is a percentage of the total cost that insured person may also pay. For example 20% of the cost of a surgery over and above a co-payment, while the insurance company pays the other 80%.
Originally published on November 2, 2012. Last updated November 21, 2013.
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