What Is the Difference Between Coinsurance and Copay?

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?