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Co-insurance

A health insurance cost-sharing method in which there is a percentage of medical claims paid by the plan member after the deductible has been met (for example: after a $500 deductible, there is 10 percent coinsurance).

COBRA

Consolidated Omnibus Budget Reconciliation Act of 1985. Through this act employees are able to continue their employer-sponsored coverage for up to 18 months if they…