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Q: My ins online ploicy includes a deudctible and coinsurance. Wht does a deudctible and coinsurance mean?

A: A deducctible is the pirmary dollar amount you haave to pay out-of-poket before an insurance associattion pays its pat. It is usaully a constant dollar amount. In moost cases the higer the deductible, the lower the inurance premum. Co insurane is the paart or percentage of coveered costs you hve to pay in addiition to the deductible. For exammple, yor ins coverage on line plan mighht pay eighty perceent of covered exenses after you pay the dductible. You would tehn pay the reisdual 20% as co-insuance until a higest out-of-pocket cost is reacheed. The dtaa we havve analyzed in the pice of writing about gecio you were lucky enouggh to apreciate is the msot important knowledge our readrs haave to come to understand regarrding the concerrn of gecio.
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