Coinsurance Definition

kōĭn-sho͝orəns
noun
A form of property insurance in which the insured shares in losses proportionately to the extent that the amount of insurance falls short of a specified percentage of the value of the insured property.
Webster's New World
Joint insurance by two or more insurers.
Webster's New World
A sum of money paid by a patient to a health care provider after a health insurance company has paid a contractual amount for a covered service, usually a fixed percentage of costs. Coinsurance usually applies after an annual deductible has been paid.
American Heritage Medicine
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Other Word Forms of Coinsurance

Noun

Singular:
coinsurance
Plural:
coinsurances

Origin of Coinsurance

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coinsurance