Coinsurance example sentences

Related (3): deductible, copayment, premium

"Coinsurance" Example Sentences

The coinsurance clause in my insurance policy requires me to pay 20% of medical expenses.
Our company's health insurance plan has a coinsurance split between the employer and employee.
The coinsurance amount for prescription drugs under my health plan is calculated based on the type of medication.
The coinsurance portion of my property insurance policy covers damage to my home up to a certain percentage.
When two insurers share the cost of a claim, it is called coinsurance.
The coinsurance penalty for not carrying adequate insurance can be hefty.
My pet insurance policy has a coinsurance formula where I pay 10% of the bill and the insurance company covers the rest.
The coinsurance provision in my auto insurance policy requires me to pay a percentage of repair costs.
The coinsurance expense for medical procedures can vary greatly depending on the type of treatment required.
I was surprised to learn that the coinsurance rates for mental health services were much higher than for physical health services.
The coinsurance premium for a high deductible health plan is often lower than a traditional health plan.
The coinsurance amount for preventative care visits is usually covered at 100%.
The coinsurance co-payment for a hospital admission can be a significant expense, especially for an extended stay.
I had to pay coinsurance on my prescription medication, even though I had met my deductible for the year.
The coinsurance limit on homeowners insurance policies can vary regionally based on the risk of natural disasters.
The coinsurance clause in my dental insurance policy requires me to pay 50% of the cost of cosmetic procedures.
The coinsurance penalty for not having flood insurance can be steep, especially for property in high-risk areas.
The coinsurance cost for out-of-network medical providers is typically higher than for in-network providers.
I was surprised to find out that some travel insurance policies have a coinsurance requirement for medical claims.
The coinsurance percentage for mental health services is sometimes subject to a separate cap from other medical services.
I was relieved to find out that my coinsurance rate for a medical procedure was much lower than I had anticipated.
The coinsurance co-pay for an emergency room visit can be a fixed amount, regardless of the total bill.
The coinsurance split between primary and secondary health insurance policies can be complicated to navigate.
I had to pay coinsurance on my dental braces, even though they were deemed medically necessary.
The coinsurance percentage for durable medical equipment can vary based on the equipment being purchased.
The coinsurance co-payment for prescription refills was easy to manage with automatic refills from my pharmacy.
The coinsurance requirements for auto insurance policies can differ drastically between states.
I was happy to find a health insurance plan with no coinsurance requirement for preventative care.
The coinsurance cost for a medical service is often listed as a percentage of the total billed amount.
The coinsurance provision for property insurance policies is designed to share the financial risk of potential damages with the policyholder.

Common Phrases

The insurance policy has a coinsurance clause; therefore, the policyholder must share a portion of the cost of covered expenses.
Coinsurance can help lower insurance premiums by spreading the risk between the policyholder and the insurance company; however, it also means the policyholder must pay more out-of-pocket for covered expenses.
If the policyholder fails to meet the coinsurance requirement, the insurance company may reduce the amount paid for covered expenses; therefore, it’s important to understand the coinsurance terms of the policy.
Coinsurance applies to certain types of insurance policies, such as property insurance and health insurance; however, it may not apply to other types of policies.
Understanding the coinsurance clause of an insurance policy is important for managing costs and avoiding unexpected expenses; therefore, it’s important to read the policy carefully and ask questions if necessary.