insurance underwritten jointly with another or others.
a form of property insurance in which an insurer assumes liability only for that proportion of a loss which the amount of insurance bears to a specified percentage of the value of the property.
a form of health insurance in which the insured party contributes a specified percentage of the total cost of medical expenses after a deductible has been reached. the percentage contributed by the insured party: My coinsurance is 20%. Compare copay.
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The Part D plan offering the best deal on Sprycel charges more than $10,000 a year in coinsurance for the drug.