What Is the Difference Between Coinsurance and Copay?

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Barry Nolan
What is the difference between co-insurance and co-pay?

Grace Heckman
I have not the slightest idea.

Barry Nolan
What is the difference between co-insurance and co-pay?

David Morgan
Co-pay is what you pay when you go to visit the doctor.

Barry Nolan
Very good!

David Morgan
And I'm not sure about co-insurance.

Barry Nolan
It is complicated…

Barry Nolan
What's the difference between Co-pay and Co-insurance?

Kimberly Kapin
Well, Co-pay, I know you have to have an existing plan, usually to your employer and you pay x amount of dollars for that service… Co-insurance is where, I think this is a stab in the dark where you pay a part and you only pay like a partial part of the bill.

Barry Nolan
What is the difference between co-insurance and co-pay?

Gary
You know, I don't know.

Barry Nolan
That's probably the most complicated question?

Gary
That is the most complicated question. I don't know. Could you inform me?