Copay and Coinsurance. What is Difference Between Copay and Coinsurance?

Copay and Coinsurance are two of the most common terms in health insurance. Yet, there seems to be a great deal of confusion between copay and coinsurance among the general public. Copay, Coinsurance, Deductible, Out of pocket, Stop loss, Limitations etc are some of the ways through which the insurance companies use to eat up customers money. This article gives an insight to these confusing terms.