coinsurance
coinsurance noun: the joint assumption of risk between the insurer and the insured party.
Noun
coinsurance (countable and uncountable, plural coinsurances)
- The joint assumption of risk between the insurer and the insured party.
- The amount paid by the insured in accordance with this risk sharing.
- For Part B-covered services, you usually pay 20% of the Medicare-approved amount after you meet your deductible. This is called your coinsurance.2021, Medicare & You 2022, Baltimore, MD: U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES : Centers for Medicare & Medicaid Services, page 6
- The joint assumption of risk between multiple insurers.
Forms of coinsurance
| plural | coinsurances |
|---|---|
| alternative form | co-insurance |
Origin of coinsurance
From co- + insurance.
Questions about coinsurance
- What does coinsurance mean?
- Coinsurance means the joint assumption of risk between the insurer and the insured party.
- What part of speech is coinsurance?
- Coinsurance is a noun.
- What is the plural of coinsurance?
- The plural of coinsurance is coinsurances.
Words near coinsurance in the dictionary
Source and license
Adapted from Wiktionary: coinsurance (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Pronunciation audio from Wikimedia Commons, each file under its own free license: LL-Q1860 (eng)-Wodencafe-coinsurance.wav.
Cite this entry: “coinsurance.” Word.ws, https://word.ws/coinsurance. Based on Wiktionary, CC BY-SA 4.0.