What does a standard coinsurance clause found in a health insurance - ProProfs Discuss
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What does a standard coinsurance clause found in a health insurance policy require?



A. Distribute coverage over two or more companies.
B. That one policy be the primary carrier and the other be the secondary if there are two plans covering the same person.
C. Pay a percentage of medical expenses that are covered, in excess of the annual deductible

This question is part of Life & Health - Practice Exam 3
Asked by Wyatt Williams, Last updated: May 31, 2020

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2 Answers

Thomas Ben

Life Insurance Adviser who can connect the policy seekers with the right insurance providers. https://www.swiftlifeinsurance.co.uk

Thomas Ben, Financial & Insurance Adviser, Higher Education, united kingdom

Answered Oct 07, 2019

Pay a percentage of medical expenses that are covered, in excess of the annual deductible

Coinsurance is a term used where the insured pays a fixed percentage of the amount to the insurance company during the service as per accepted terms.

 

Wyatt Williams

Wyatt Williams

Answered Mar 06, 2018

Pay a percentage of medical expenses that are covered, in excess of the annual deductible
 

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