what is medicare coinsurance
Coinsurance, according to the Centers for Medicare and Medicaid (CMS) is defined as: The amount you may be required to pay for services after you pay any plan deductibles. In the Original Medicare Plan, this is a percentage (like 20%) of the Medicare approved amount. You have to pay this amount after you pay the deductible for Part A and/or Part B. In a Medicare Prescription Drug Plan, the coinsurance will vary depending on how much you have spent. (source: Medicare.gov) 1  Browse 2016 Medicare Part D prescription drug plans.  Browse 2016 Medicare Advantage plans (MA-PD)