What does it mean 50% coinsurance?

What does it mean 50% coinsurance?

Your coinsurance responsibility is usually a percentage of the total cost for each instance of care. For example, your insurance may be set at 80/20, which means that the insurance company pays 80% of the total bill and you pay the remaining 20%. Coinsurance may be as much as 50% for some insurance plans. Mar 4, 2020