co-insurance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “co-insurance” in the English Dictionary

"co-insurance" in Business English

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co-insurancenoun [ U]

(also coinsurance) uk   us   INSURANCE
a ​situation in which two or more ​insurancecompaniesshare a ​risk
in the US, a ​system of ​healthinsurance in which the patient ​pays a ​percentage of the ​cost of their ​treatment: We've also seen ​employersmoving away from copayment to coinsurance ​plans.
noun [C] (also coinsurer)
(Definition of co-insurance from the Cambridge Business English Dictionary © Cambridge University Press)
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“co-insurance” in Business English

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