Exchange Currency

coinsurance amount limit

The maximum amount of out-of-pocket expenses an insured person is required to pay in a year before the insurance plan covers 100% of the expenses. Each insurance plan designates which types of fees and expenses are counted toward the limit, but they generally include co-payments and deductibles paid by the insured.

Related information about coinsurance amount limit:
  1. What is coinsurance amount limit? definition and meaning
    Definition of coinsurance amount limit: The maximum amount of out-of-pocket expenses an insured person is required to pay in a year before the insurance plan ...
     
  2. What is deductible? definition and meaning
    coinsurance amount limit · capital loss carryover · fee-for-service · policy · PPO · personal interest · loss carryover · Medicare · buy-back deductible · 1120-F Form ...
     
  3. What is coin? definition and meaning
    gold coin · coinsurer · coinsurance requirement · coinsurance effect · coinsurance clause · coinsurance penalty · coincident indicator · coinsurance amount limit ...
     
  4. What is co-insurance? definition and meaning
    co-insurance. coincident indicator · coinsurance amount limit. Definition. noun. an insurance policy where the risk is shared among several insurers ...
     
  5. What is designate? definition and meaning
    coinsurance amount limit ... prior period · Class A Shares · budget · r-value · totten trust · coinsurance amount limit · beneficiary clause · self-directed retirement ...
     
  6. What is out-of-pocket? definition and meaning
    Related Terms. deductible · pocket · high-deductible health plan (HDHP) · coinsurance amount limit · deductible · reimbursement. Browse by Letter: ...
     
  7. Browse InvestorWords.com: Insurance terms
    coinsurance amount limit · collateral assignment · collateral calls · collateral value insurance · collision · collision coverage · collision damage waiver ...
     
  8. Glossary AM - Small Business Taxes & Management
    Aug 6, 2012 ... Coinsurance Amount Limit. A requirement under burglary insurance that a minimum amount of insurance be maintained, based on the type and ...