Definition of Coinsurance (Medicare Private Fee-For-Service Plan)

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TeachMeFinance.com - explain Coinsurance (Medicare Private Fee-For-Service Plan)



Coinsurance (Medicare Private Fee-For-Service Plan)

The term 'Coinsurance (Medicare Private Fee-For-Service Plan) ' as it applies to the area of Medicare in the United States can be defined as ' The percentage of the Private Fee-for-Service Plan charge for services that you may have to pay after you pay any plan deductibles. In a Private Fee-for-Service Plan, the coinsurance payment is a percentage of the cost of the service (like 20%)'.

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Coinsurance (Outpatient Prospective Payment System)
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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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