Don’t speak health insurance mumbo jumbo? No worries, we’re here to simplify things for you.
For those of you getting close to hitting your deductible this year, you might be hearing the word coinsurance more and more. Coinsurance is your share of the costs of a covered service, calculated as a percentage of the service cost. For example, if the hospital fee for your stay is $1,000, and your coinsurance is 20%, your share would be $200, as explained by our pizza pie infographic:
As always, if you’re confused by anything you read or have any questions about your plan, benefits, or services, please call our Colorado-based customer service team: 800-475-8466. We’re here to help!