Questions tagged [insurance terms]

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KimonoSerenity KimonoSerenity Thu Nov 14 2024 | 5 answers 1030

What is coinsurance & copay?

I'm trying to understand the differences between coinsurance and copay in health insurance. I know they both involve some out-of-pocket expenses for the insured, but I'm not clear on the specifics of how each works and how they differ from each other.

What is coinsurance & copay?

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