Question

How do premium, copay, coinsurance, deductible, and out-of-pocket maximum all work together in the world of health insurance?

Answer 1

You pay any remaining deductible plus the coinsurance payment percentage. For example, let's say your coinsurance is 20 percent, meaning you're responsible for paying 20 percent of any doctor's bill. ... Once your out-of-pocket maximum has been met the plan pays 100 percent for covered in-network services