Medicare Advice Center

Q. What’s the difference between premiums, deductible, copays, and coinsurance?

The Short Answer

Premiums are regular amounts you pay for coverage. Most people with Medicare supplement insurance plans pay monthly premiums. These premiums can go up over time.

A deductible is a dollar amount you need to pay out of pocket before your coverage begins paying.

Copays are dollar amounts you pay whenever you receive a certain procedure.

Coinsurance is a percentage of the total charge you pay whenever you receive a certain procedure.

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