When those covered by a health care plan share in medical care costs. Co-insurance, co-payments, and deductibles are all considered cost sharing.
The copayment and/or coinsurance amount range you will pay for each prescription. Plans can make changes in the list of prescription drugs they cover and their costs during the year. Call the plan to get all the details of prescription drug coverage, including the list of drugs the plan covers, so you understand any conditions or limits.
Costs attributed to a research grant or contract but not reimbursed by the Sponsor
A situation where covered persons pay a portion of the health costs such as deductibles, coinsurance, or co-payment amounts.
All contributions, including cash and in-kind, that a recipient makes to an award. If the award is federal, only acceptable non-federal costs qualify as cost sharing and must conform to other provisions including necessary and reasonable to accomplish the program objectives; allowable under cost principles; verifiable to records and auditable.
A general set of financing arrangements whereby patients pay a certain amount of their own money to receive care, typically at the time that care is provided. Includes co-payments, deductibles, and the employee-paid portion of the monthly premium for health care insurance.
The situation where a number of parties involved in a project share the financial or other burden of the project
Institutional partnership with funding agency in the support of research. This is usually an eligibility rather than a review criterion. Institutional funds used are commonly known as "matching funds".
the share of health expenses that a beneficiary must pay, including the deductibles, copayments, coinsurance, and charges over the amount reimbursed by the dental benefit plan.
The cost for medical care that you pay yourself like a copayment, coinsurance, or deductible. (See Coinsurance; Copayment; Deductible.)
A generic term used to describe any payment the member must make for covered services. Different cost sharing methods include deductible coinsurance and copayment
Financial contribution by the grantee to fund a portion of a sponsored project. Cost Sharing types. See also GIM 21
The practice of allocating project funds to pay a percentage of the cost of constructing or implementing a BMP. The remainder of the costs are paid by the producer.
Any provision of a health insurance policy that requires the insured individual to pay some portion of medical expenses. The general term includes deductibles, copayments, and coinsurance.
Provisions of health insurance contracts that require the subscriber to share a portion of the costs of covered benefits. These usually include deductibles and co-insurance features with established out-of-pocket maximums each subscriber would be responsible for. Beyond these maximum amounts the contract generally pays 100% with no out-of-pocket responsibility on the part of the subscriber.
A method of dividing the cost of healthcare among consumers, insurance companies, employers and providers. For example, your employer may pay part of the premiums for your insurance. Your health plan will pay part of your healthcare bills, and you will pay part. If your doctor is part of your health plan's network, then he or she will cover part of the cost by negotiating a discount for his or her services. Everyone shares in the cost to keep costs down.
The portion of project costs not borne by the sponsor. The term cost sharing is used when the sponsor encourages the university to participate in the project. The term matching is used when the sponsor is required by statute to have the university participate in the project.
Any out-of-pocket payment the patient makes for a portion of the costs of covered services. Deductibles, coinsurance, copayments, and balanced bills are types of cost sharing.
Financing arrangements whereby the member of a health plan must pay some of the costs to receive care.
is the respective share of Total Project Costs required to be contributed by the applicant and the agency. The required percentage of Applicant Cost Share is to be applied to the Total Project Cost (the sum of applicant plus agency cost shares) rather than to the agency contribution alone.
A situation where covered persons pay a portion of the dental costs such as deductibles, coinsurance, or copayment amounts.
the person with Medicare pays part of the drug cost. This may include the deductible, a fixed amount of drug cost paid before the insurance company begins to pay; the copay a percent of drug cost; and the coverage gap or "donut" a portion of drug's cost where the insurance company does not pay.
The sharing of costs between the payment of premium costs and medical expenses by the health care plan and its insured through employee contributions, deductible, co-insurance and co-payments.
This refers to policy holders providing some payments for their own medical care, such as deductibles, co-payments or co-insurance payments.
A term for the way an insurance plan shares its costs with someone. The most common types of cost sharing are co-insurance and co-payments. See co-insurance and co-payments.
The provision of a health plan policy that requires insured individuals to pay some portion of the covered medical expenses. Several forms of cost sharing are deductible, copayment and coinsurance.
A term indicating that a member must pay some part of the cost. Deductibles, copays and coinsurance are types of cost sharing.
The total portion of the costs of covered services paid for by the beneficiary. Medicare Part D cost-sharing requirements include deductibles, co-insurance, and co-payments.
The cost for medical care that is paid by the client such as a co-payment, coinsurance or deductible.
The portion of a project or project cost supported by the grant recipient agency.
(see also Copayment, Coinsurance, Deductible): A feature of a benefit plan that requires enrollees to pay some portion of the costs for services in an attempt to control utilization and to lower premiums.
A cost containment technique embodied in health care plans that requires the covered individual to bear some portion of the cost of health care beyond the premium payment. The cost sharing usually takes the form of coinsurance, copayment, deductibles, or balance bills. These cost-sharing measures are intended to prevent covered individuals from seeking unneeded care, thus containing costs.
Provision by a health insurance company that requires the patient to pay for a portion of the health care services received.
A health insurance policy provision that requires the insured party to pay a portion of the costs of covered services. Deductibles, co-insurance, and co-payment are types of cost sharing.
The portion of medical care that you pay yourself, such as a copayment, coinsurance or deductible.
A general set of financing arrangements via deductibles, copayments and/or coinsurance where a covered person must pay some of the cost of their health care services. See also co-payment, coinsurance, deductible and out-of-pocket limit.
Health insurance practice which requires the insured person to pay some portion of covered expenses (e.g., deductibles, coinsurance, copayments) in an attempt to control utilization and allow lower premium payments.
a financial arrangement in which the enrollee pays deductibles, copays and/or coinsurance to cover some of the costs to receive care.
In accordance with Congressional requirements, NSF requires that each grantee share in the cost of research projects resulting from unsolicited proposals.
The university’s support of a project through either cash or in-kind services, required by some sponsors. Cost sharing requirements vary, but they generally represent a percentage of the total cost.
In certain farm conservation programs, the government will share the cost of certain farm practices with the farm owner or operator.
"A general set of financing arrangements in which a covered member must pay a portion of the costs associated with receiving care. (See also copayment, coinsurance and deductible). "
the support provided by a university for a sponsored project, either as cash or in-kind contributions; the university's cost share may be through equipment provided or purchased for the project, or, most commonly, as a portion of faculty salary and fringe benefits. See cost-sharing guidelines in ORDA's Sponsored Project Guide.
See matching or cost sharing.
A general term, used as a noun or adjective, that can describe virtually any type of arrangement in which more than one party supports research, equipment acquisition, demonstration projects, programs, institutions. Example: A university receives a grant for a project estimated to have a total cost of $100,000. The sponsor agrees to pay 75% ($75,000) and the university agrees to pay 25% ($25,000). The $25,000 is the cost-sharing component. Also see: matching funds.
The cost for medical care that you pay yourself, out of your pocket, like a copayment, coinsurance, or the deductible. These are not the costs covered by insurance.
The portion of health expenses that a health plan beneficiary must pay including deductibles, co-payments and coinsurance.
The apportioning of health care costs between a health care plan and the individual participants through employee contributions, deductibles and coinsurance.
Payments made out-of-pocket by patients for a part of the cost of covered services. This includes deductibles, coinsurance and copayments, but not the share of the premium paid by the person enrolled.
The general set of financing arrangements whereby the consumer must pay out-of-pocket to receive care, either at the time of initiating care, or during the provision of health care services, or both. Cost sharing can also occur when an insured pays a portion of the monthly premium for health care insurance.
The amount you pay for health care and/or prescriptions. This amount can include copayments, coinsurance, and/or deductibles.
In legal recruitment, the practice of employers sharing interview expenses for out-of-town interviewees.
(see also “matching funds”): the portion of allowable project costs that a recipient contributes toward completing its project (i.e. matching share).
When you must pay some of your health care costs out of your own pocket in order to receive care. This includes deductibles, coinsurance, and copayments, but not your premium.
The sharing of costs between the payment of premium costs and medical expenses by the health care plan and its insured through employee contributions, deductibles, coinsurance and copayments.
This is the copayment, coinsurance or deductible you pay under a particular benefit design. Some plans have limits on the total amount of cost sharing you pay in a year. For example, the standard plan requires that you pay 25% of the drug costs and the plan will pay 75%, up to a combined total of $2,000. Some plans may have flat (dollar-amount) copayments for each prescription instead of a percentage.
A publicly financed program through which society, as the beneficiary of environment protection, shares part of the cost of pollution control with those who must actually install the controls.
Cost sharing, or matching, refers to the portion of project costs borne by the University, rather than the sponsor. Some sponsors require organizations to reflect their commitment to a project by sharing in its costs. Types of cost sharing include mandatory cost sharing, committed cost sharing, voluntary cost sharing, matching, and in-kind contributions, as well as equipment and non-equipment cost sharing.