The Normal Person’s Guide to Coinsurance

Okay, we’re going to interrupt Mary and Billy’s journey to the Maximum Out of Pocket for a brief side trip through coinsurance and copays. Don’t worry – we’ll get there! A coinsurance is simply a set percentage of the allowable that you pay. All done – we now rejoin… wait, you didn’t get that?  …

Five Things to Remember About Bronze Level Plans

Number Five: I’m Paying How Much? The actuarial value of a Bronze level plan is 60/40. That gobbledy gook translates to your insurance company expects you to pay about 40% of the cost of covered services. That does NOT include your premium. In reality, the numbers don’t work perfectly – but they are pretty close….