What does Percentage Participation mean? Read on to discover the definition & meaning of the term Percentage Participation - to help you better understand the language used in insurance policies.
A provision in a health insurance contract stipulating that the insurer and insured will share covered losses in agreed proportions. For example, the insurer may be required to pay 80 percent of the insured's hospital costs with the insured responsible for the remainder. Also called a "copayment" or "coinsurance" provision.
We hope the you have a better understanding of the meaning of Percentage Participation.