What does split mean when trying to get approved for medical insurance?
Total Comments: 1
Posted: Thu Apr 11, 2013 07:25 am Post Subject:
Perhaps you are talking about coinsurance split. This is simply splitting the healthcare costs with the insurance carrier – a percentage of the amount that is the insured’s responsibility. A common co-insurance split is 80/20, which means that the carrier will pay 80% of the costs and you are responsible for the remaining 20%.
Posted: Thu Apr 11, 2013 07:25 am Post Subject:
Perhaps you are talking about coinsurance split. This is simply splitting the healthcare costs with the insurance carrier – a percentage of the amount that is the insured’s responsibility. A common co-insurance split is 80/20, which means that the carrier will pay 80% of the costs and you are responsible for the remaining 20%.
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