Help me understand coinsurance

Specifically 100% coinsurance. It was my understanding that would mean I am responsible for the 100% until I hit out of pocket max. 0% means insurance is responsible after deductible. Or am I completely wrong and is it reversed, or 1 in the same?

Our current policy has 100% co insurance listed. We have met our deductible but not our out of pocket. Everything has been covered (minus copays obviously) 100% since deductible was met. I’ve also been told when inquiring coverage for specific things once deductible is met insurance pays 100%. Our insurance summery says we have paid $0 to coinsurance.

So in our case 100% coinsurance means insurance is responsible for 100% after deductible.

I ask this because we are looking at other policies (some are different insurers) being offered through work and all policy options list 100% coinsurance. I am right to assume then that it would be the same in that respect to our current insurance?

submitted by /u/crwalle
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