Health / Health Insurance / Co-Insurance: Co-insurance refers to money that an individual is required to pay for services, after a deductible has been paid. In some health care plans, co-insurance is called 'co-payment.' Co-insurance is often specified by a percentage. For example, the employee pays 20 percent toward the charges for a service and the employer or insurance company pays 80 percent.
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Business / Taxes / Health Insurance: Health insurance covers some or all of the cost of treating an insured person?€™s illnesses or injuries. In some cases, it pays for preventive care, such as annual physicals and diagnostic tests. MORE