Coinsurance

Definition

Your share of costs after meeting deductible, expressed as a percentage (e.g. 20% coinsurance means you pay 20%).

Related Terms

Copay

Fixed amount paid for covered services like doctor visits or prescriptions, typically $20-50 depending on service.

FAQs

How does coinsurance work?

After deductible, you pay your coinsurance percentage until reaching out-of-pocket max.

Similar Terms

Gig Insurance

Insurance coverage for gig work activities, filling gaps in personal auto or liability policies.

Rideshare Insurance

Auto insurance endorsement or policy covering rideshare driving, filling gap between personal and platform insurance.

Liability Insurance

Insurance covering damages or injuries to others, important for service-based gig work.

Deductible

Amount you pay out-of-pocket before insurance coverage begins. Higher deductibles mean lower premiums but more cost when using insurance.

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Last updated: January 18, 2026

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