Definition extracted with permission from American Academy of Family Physicians: Family Physicians and Managed Care
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cost sharing
Responsibility for partial payment by the patient for services rendered. Cost sharing can include:
(a) Coinsurance, which is a patient responsibility for payment of a specified percent of charges incurred, per day or per unit of service.
(b) Copayment, which is a patient responsibility for payment of a specified dollar amount per day or per unit of service.
(c) Deductible, which is a patient responsibility for payment of a specified amount of incurred expense before third-party coverage can begin.
(a) Coinsurance, which is a patient responsibility for payment of a specified percent of charges incurred, per day or per unit of service.
(b) Copayment, which is a patient responsibility for payment of a specified dollar amount per day or per unit of service.
(c) Deductible, which is a patient responsibility for payment of a specified amount of incurred expense before third-party coverage can begin.