Cool How Does Coinsurance Work Ideas. Coinsurance, meaning the percentage of the bill for covered health care services that you pay after you’ve met your annual deductible, is an integral part of your. The homeowners insurance formula that determines the amount of reimbursement that a homeowner will receive from a claim.
A deductible is the amount you pay each year. You’ve paid $1,500 in health care expenses and met your deductible. What exactly does an 80% or 90% coinsurance mean?