What is “cost share” in medical billing?

Cost Share in Medical Billing

Cost share refers to the portion of medical expenses that the patient is responsible for paying, such as deductibles, co-pays, and coinsurance.

Cost Share in Medical Billing Explained

In medical billing, cost sharing divides the financial responsibility between the patient and the insurance company. The insurance company covers a portion of the medical expenses, while the patient is responsible for paying the remainder, which is the cost share.

For example, a patient might have to pay 20% of the cost of a surgery, while the insurance covers the remaining 80%.

Find common acronyms and abbreviations in Medical billing glossary.

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