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What is coinsurance?

Coinsurance is the percentage of coverage provided by health insurance companies, after co-payments or deductibles have been met. For example, a 25% coinsurance rate means that you are responsible for paying 25% of any medical costs incurred. Specifically, $75 of a $100 medical bill would be covered by the insurance company, and your out-of-pocket cost would be $25. It is important to note that each insurance company has its own combination of co-payments, deductibles, and coinsurance.

Individual and Family Plan FAQs

• Do I make payments directly to the insurance company?
• How do I know you are finding me the lowest premiums?
• How do I pick the best health insurance plan for me?
• How do I start my coverage?
• How is a network used by insurance companies?
• If I provide my personal information to Benepath, how do I know it is safe?
• Is there any obligation for me to buy an insurance plan once I have applied?
• What if I only want to insure my children?
• What is a co-payment?
• What is a deductible?
• What is a Health Maintenance Organization (HMO)?
• What is a Health Savings Account (HSA)?
• What is a Point of Service (POS) plan?
• What is a Preferred Provider Organization (PPO) plan?
• What is an Indemnity plan?
• What is coinsurance?
• What types of individual and family insurance plans does Benepath offer?
• Who do I contact if I need help?
• Why Benepath?
• Why will individual and family health insurance work for me?