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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