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George Beach Insurance Services LLC Blog

What is the co-payment? What is coinsurance?

8/5/2019

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The money that you pay out-of-pocket for the services that you receive. This could include anything from an office visit to the doctor, prescription medicine, an x-ray, or even a hospital stay.
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Now if the money you pay is a set amount that would be called a co-payment or a copay. If the money that you pay is a percentage of the cost then that would be called coinsurance. Now depending on the plan that you have it dictates whether you have a co-payment/copay or coinsurance.

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George Beach Insurance Services LLC​
Modesto, CA 95355
(209) 353-2330​
Click Here to Email Us
CA License: 0K34688 & 0K82780
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  • Home
  • Quotes
    • Group Benefits Quote
    • Health Quotes >
      • Health Insurance Quote
      • Medicare Plans Quote
    • Life Insurance Quotes >
      • Life Insurance Quote
      • Term Life Insurance Quote
      • Final Expense Insurance Quote
    • Other Quotes
  • Insurance
    • Group Benefits
    • Health >
      • Health Insurance
      • Medicare Plans
    • Life >
      • Life Insurance
      • Final Expense Insurance
    • Other >
      • Travel Health Insurance
      • Pet Insurance
  • About
    • Refer a Friend
    • Insurance Carriers
    • Privacy Policy
    • Videos
    • News
    • Blog
  • Contact
    • Schedule