Now we are looking on the crossword clue for: Patient’s portion of a medical bill.
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Possible Answers: Copay.
Last seen on: Daily Celebrity Crossword – 7/15/18 People Sunday
Random information on the term “Copay”:
Coinsurance in insurance, is the splitting or spreading of risk among multiple parties.
In the U.S. insurance market, co-insurance is the joint assumption of risk between the insurer and the insured. In title insurance, it also means the sharing of risks between two or more title insurance companies.
In health insurance, coinsurance is sometimes used synonymously with copayment, but copayment is fixed while the coinsurance is a percentage that the insurer pays after the insurance policy’s deductible is exceeded, up to the policy’s stop loss. It can be expressed as a pair of percentages with the insurer’s portion stated first, or just a single percentage showing what the insured pays. The percentage due from the insured can range up to 100% (100% meaning the insured pays all costs until reaching the out of pocket maximum).[citation needed] Once the insured’s out-of-pocket expenses equal the stop loss the insurer will assume responsibility for 100% of any additional costs. 70–30, 80–20, and 90–10 insurer-insured coinsurance schemes are common, with stop loss limits of $1,000 to $3,000 after which the insurer covers all expenses.