0 a situation in which two or more insurance companies share a risk --
1 in the US, a system of health insurance in which the patient pays a percentage of the cost of their treatment: --
Members then faced the complexity inherent in comparing the limits, exclusions, co-payments, co-insurance percentages, and annual and other deductibles of the various new options with those of the old plans.
Often, there are no insurance co-pays, deductibles or co-insurance fees thus avoiding the overhead and complexity of maintaining relationships with insurers.
Policies may also include co-insurance clause or deductibles provisions which will impact the actual cash paid out by the insurance company.
It also creates an exemption to make possible co-insurance, common coverage of certain risks and, finally, the coordination of technical specifications for safety equipment and procedures.
For the elderly, the flat rate gradually increased, and in 2003, changed to an across-the-board 10% co-insurance rate.