I was looking for a health insurance for myself and there is one thing I don't understand is coinsurance. I look up the definition. It says:
Coinsurance
Coinsurance is the amount you are required to pay for medical care in a fee-for-service plan or preferred provider organization (PPO) after you have met your deductible. It is usually expressed as a percentage of billed charges. For example, if the insurance company pays 80 percent of the claim, you pay 20 percent.
Select higher amounts to lower your monthly premiums.
Is this mean that if went to a physician within the insurance company network, I do not have to pay coinsurance at all, except if I want go to PPO physician?
