Co-Insurance: Co-insurance refers to money that an individual is required to pay for services, after a deductible has been paid. In some health care plans, co-insurance is called 'co-payment.' Co-insurance is often specified by a percentage. For example, the employee pays 20 percent toward the charges for a service and the employer or insurance company pays 80 percent.

 

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Co-Insurance: Co-insurance refers to money that an individual is required to pay for services, after a deductible has been paid. In some health care plans, co-insurance is called 'co-payment.' Co-insuranc . . . View Full Definition

Health Insurance: Health insurance covers some or all of the cost of treating an insured person’s illnesses or injuries. In some cases, it pays for preventive care, such as annual physicals and diagnostic tes . . . View Full Definition

Stop-Loss: The dollar amount of claims filed for eligible expenses at which which point you've paid 100 percent of your out-of-pocket and the insurance begins to pay at 100%. Stop-loss is reached when . . . View Full Definition