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Understanding Co-Insurance
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A patient receives a medical procedure costing
The insurance company covers 80% of the cost, so they pay 200.
A homeowner's policy has a 10000.
First, the 8000. The insurance pays 70% of 5600. The homeowner pays the remaining 30%, which is
An auto insurance policy has 50/50 co-insurance and a 4000.
After the deductible, the remaining amount is 1750 each.
A business insurance with 90/10 co-insurance clause faces a claim of
The insurance company would pay 90% of the claim, amounting to 2500.
If a policy with no deductible has a 60/40 co-insurance agreement and a surgery costs
The insurer pays 60% of the total cost, which is 6000.
For a health policy with a 2000 medical expense?
Subtract the deductible from the expense, leaving 437.50, plus the deductible, making a total of
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