Once the deductible is met, what does coinsurance imply?

Coinsurance refers to the cost-sharing arrangement between a patient and their insurance provider. Once the deductible is met, coinsurance implies that the patient is responsible for a certain percentage of the covered medical expenses, while the insurance company pays the remaining percentage. This arrangement encourages the insured to share in the cost of their healthcare, which can help manage overall healthcare costs.

For example, if the coinsurance is set at 20%, after the deductible has been paid, the patient would pay 20% of the subsequent medical expenses, and the insurance would cover the remaining 80%. This model fosters a sense of accountability in the use of medical services and can help control healthcare spending.

The other options do not accurately reflect the nature of coinsurance. One option suggests that the patient pays all subsequent costs, which contradicts the concept of sharing expenses with the insurer. Another option implies that the insurance covers all future costs, which is not the case, as the patient still holds a financial responsibility in the form of coinsurance. Finally, an option indicates that the patient is not liable for any costs, which is also inaccurate given that coinsurance specifically delineates the patient's share of costs after the deductible has been fulfilled.