different between coinsurance vs copayment
coinsurance
English
Alternative forms
- co-insurance
Etymology
co- +? insurance
Noun
coinsurance (countable and uncountable, plural coinsurances)
- (US) The joint assumption of risk between the insurer and the insured party.
- (international) The joint assumption of risk between multiple insurers.
Translations
See also
- coinsurer
- copayment
- deductible
coinsurance From the web:
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copayment
English
Etymology
co- +? payment
Noun
copayment (plural copayments)
- (US) A fixed fee paid by subscribers to a medical insurance scheme for each treatment or service in addition to a membership fee.
Synonyms
- copay
Hypernyms
- cost-sharing requirement
Coordinate terms
- coinsurance
- deductible
copayment From the web:
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