co-insurance
(also coinsurance) noun [ U] INSURANCEDefinition
› a situation in which two or more insurance companies share a risk
› in the US, a system of health insurance in which the patient pays a percentage of the cost of their treatment: We've also seen employers moving away from copayment to coinsurance plans.
co-insurer (also coinsurer) noun [C] (Definition of co-insurance noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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