Coinsurance

Definition

The percentage share you pay after the deductible. On a 20% plan with a $1,000 monthly Wegovy bill, you pay $200 and the insurer pays $800. Different from a copay, which is a fixed amount, and it keeps applying until you hit the annual out-of-pocket maximum.

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GLP Watchdog writes these definitions from FDA labels and peer-reviewed PubMed literature. Not one of them is an AI-generated summary.

Other terms under insurance

• PBM (Pharmacy Benefit Manager)
• Copay accumulator
• Specialty pharmacy
• Mail-order pharmacy
• Quantity limit
• Bridge therapy
• Patient assistance program (PAP)
• Manufacturer coupon
• Deductible

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