is coinsurance or a copay better 
both coinsurance and copay have their pros and cons because you pay a set amount at the time of each service or purchase copay plans make it easier to anticipate your health care expenses you ll always pay the copay regardless of whether you ve met your deductible or not coinsurance only kicks in after your deductible s been met on the other hand once it starts applying coinsurance may mean lower outlays overall also coinsurance goes toward meeting your policy out of pocket maximums the bottom linecoinsurance is the amount an insured must pay against a health insurance claim after their deductible is satisfied coinsurance also applies to the level of property insurance that an owner must buy on a structure for the coverage of claims coinsurance differs from a copay in that a copay is generally a set dollar amount that an insured must pay at the time of each service both copay and coinsurance provisions are ways for insurance companies to spread risk among the people it insures both have advantages and disadvantages for consumers 