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Co-Insurance is a popular term you will hear when checking on Baltimore health insurance This is the amount your insurance will split with you for your medical expenses until they reach a certain point. For example, if your co-insurance is 80/20, this means that after your deductible, your insurance company will pay 80 percent of your medical expenses while you pay 20. So if you have a medical bill for $1,200 with a $500 deductible and 80/20 co-insurance, you will end up paying your $500 deductible and 20 percent of the remainder of the bill which would be $140. Your insurance will pay the remainder 80 percent or $560.