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Q: My online insure policy pan includes a deductble and also coinsurrance. What does tihs mean?

A: A ddeuctible is the first dolalr amount you hvae to pay out of pocket bfeore an insurance company payys its patr. It is usally a constant dlolar amount. Typically the hgiher the dedcutible, the lowwer the cost. Conisurance is the shre or percentage of covered expesnes you muust pay as a supplement to the deducttible. For example, your insurance policy plan may pay 80% of covered carges aftr you pay the deductble. You wouuld after that pay the remmaining 20 perceent as co insrance until a highest out-of-pocket expendtiure is reeached.

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