Which of the following describes an example of coinsurance?

Coinsurance refers to the shared costs between the insurer and the insured after a deductible has been met. In this context, after the insured individual has paid their deductible amount, they will then be responsible for a certain percentage of the remaining medical expenses, while the insurance company covers the rest. Therefore, the remaining balance after a deductible has been paid accurately describes coinsurance, as it highlights the division of costs that occurs after initial out-of-pocket expenses have been settled.

This concept is crucial in understanding how health insurance works, as it emphasizes the responsibility of the policyholder to continue contributing to the costs of care even after deductibles, shaping the overall financial dynamics of healthcare expenses.