Co-Insurance is the percentage of eligible medical expenses, after the deductible, that you are responsible for paying.
If your policy includes Co-Insurance, the Co-Insurance is the percentage of eligible medical expenses that you are responsible for paying.
Typically, policies with a Co-Insurance will cover 80% of the first $5,000 of medical expenses, then 100% of the expenses over $5,000 up to the medical limit in your policy. This means, you would be responsible for 20% of the first $5,000 of medical expenses.
Policies that do not contain a Co-Insurance clause may offer coverage for 100% of the medical expenses up to the coverage limit.
This information can vary based on the travel insurance policy. Please review the policy certificate to verify coverage. If you have questions about a specific policy, please contact us directly at 800-240-0369. Our customer service representatives are available from 8am to 10pm ET seven days a week and are delighted to help!