{"id":2387,"date":"2012-11-16T10:30:22","date_gmt":"2012-11-16T14:30:22","guid":{"rendered":"http:\/\/www.internationalstudentinsurance.com\/blog\/?p=2387"},"modified":"2020-10-09T16:36:46","modified_gmt":"2020-10-09T20:36:46","slug":"what-is-co-insurance","status":"publish","type":"post","link":"https:\/\/www.internationalstudentinsurance.com\/blog\/2012\/11\/what-is-co-insurance.html","title":{"rendered":"What is Co-insurance"},"content":{"rendered":"

\"\"<\/a>Studying inside the United States as an international student is an exciting opportunity! It gives students a chance to earn their education while going on a cultural journey. Some International students brush up on their English before they arrive in the US while others complete an English as a Second Language<\/a> (ESL) course after arrival. Either way, international students who study in the US usually become quite fluent in English. However, even some of the most polished ESL speakers have a difficult time when it comes to deciphering insurance terms. One of the most popular questions when it comes to insurance is \u201cwhat is co-insurance?\u201d<\/p>\n

We are here to help those who are searching for an insurance plan and are trying to figure out just what is co-insurance. Co-insurance is referring to the shared expense between the insured individual and the insurance company when a plan is utilized. Usually, the co-insurance will be applied after any applicable deductible is fulfilled.<\/p>\n

For instance, if you visit the doctor and your plan has a $100 deductible and 80\/20 co-insurance up to $5,000, the payment would break down like this:<\/p>\n

You:<\/strong>
\n$100 Deductible
\n20% of expenses below $5,000<\/p>\n

The Insurance Company:<\/strong>
\n80% of expenses below $5,000
\n100% of expenses above $5,000<\/p>\n

There are many variations to how co-insurance is included in a plan. Some plans require the insured individual to pay to a certain amount, other plans might not have that limit. The percentage of what the insurance company pays toward the co-insurance will also vary greatly from plan to plan.<\/p>\n

This should give you the general idea of what co-insurance is. The next step is figuring out the details of the co-insurance of the plan you are interested in and determining if it is a fair out-of-pocket amount.<\/p>\n

If you are still wondering what is co-insurance or if you have any other questions when it comes to finding an international student insurance plan contact<\/a> one of our licensed agents today.<\/p>\n

*Pretty woman with confused expression <\/a>photo courtesy of Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"

Studying inside the United States as an international student is an exciting opportunity! It gives students a chance to earn their education while going on a cultural journey. Some International students brush up on their English before they arrive in the US while others complete an English as a Second Language (ESL) course after arrival. […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103,104],"tags":[905,871,904],"class_list":["post-2387","post","type-post","status-publish","format-standard","hentry","category-insurance-explained","category-international-students-in-the-usa","tag-buying-insurance","tag-international-insurance","tag-what-is-co-insurance"],"_links":{"self":[{"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/2387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=2387"}],"version-history":[{"count":6,"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/2387\/revisions"}],"predecessor-version":[{"id":7225,"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/2387\/revisions\/7225"}],"wp:attachment":[{"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=2387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=2387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.internationalstudentinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=2387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}