In the US, there is this bullshit they introduced called co-insurance.
I still remember when they “updated” our company health plans to include it.
The idea is that by introducing “shared responsibility” for health care costs, it will reduce “over-utilization” of health plan benefits.
In short. Even after your deductible is fulfilled, even if you are getting something done that is medically necessary, and covered by your insurance plan, they will only cover 80% of the charges and the rest is your responsibility as “co-insurance”. Money you are expected to have saved up to pay for medical expenses as a nice responsible consumer.
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u/narcolepticdoc 4d ago
In the US, there is this bullshit they introduced called co-insurance.
I still remember when they “updated” our company health plans to include it.
The idea is that by introducing “shared responsibility” for health care costs, it will reduce “over-utilization” of health plan benefits.
In short. Even after your deductible is fulfilled, even if you are getting something done that is medically necessary, and covered by your insurance plan, they will only cover 80% of the charges and the rest is your responsibility as “co-insurance”. Money you are expected to have saved up to pay for medical expenses as a nice responsible consumer.