Definitions for "Percentage Participation"
See coinsurance.----------[ Back
A practice followed in major medical insurance in which the insurer and the policyowner share the medical expenses incurred by the insured individual in accordance with a specified ratio, such as 80 percent to be paid by the insurer and 20 percent to be paid by the policyowner. Also called coinsurance.
A provision in a health insurance contract that the insurer and insured will share covered losses in agreed proportions. Also see Coinsurance.