MEDICAL,USA: 1. Portion of payment of health expenses that the insured or beneficiary must pay including the deductible, copayment, coinsurance, and balance bill, thus sharing the costs with the insurance plan. 2. Under TRICARE, the portion of the allowable charge (20% or 25%) after the deductible has been met that the patient is responsible for. The most common types of cost sharing are coinsurance and copayment.
***
A situation where covered persons pay a portion of the health costs such as deductibles. Coinsurance or copayment amounts.
***
Refers to various ways in which an insurer passes costs on to the insured. This includes most types of out-of-pocket expenses such as deductibles, copayments, and coinsurance.