Co-insurance is the percentage of costs you will pay on a claim after you’ve paid your deductible.
How much co-insurance is recommended?
The amount of co-insurance you choose depends on how much you want to be responsible for paying out of pocket. For instance, a policy could be 80/20, meaning you would pay 20 percent and the insurance provider would pay 80 percent of costs. A lower co-insurance typically results in a lower monthly premium.