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🌻 Bright Bloom Health By Nicole Carson | Licensed Health Insurance Advisor 📖 11 Minute Read Quick Answer Coinsurance is the percentage of a covered healthcare cost that you may be responsible for paying after meeting your deductible. For example, if your health insurance plan has 20% coinsurance, you may pay 20% of the plan's allowed cost for a covered service while your insurance company pays the remaining 80%. Coinsurance is different from a copay because a copay is typic