Understanding coinsurance is crucial for both nurses and patients. Hereâs why:
- Financial Planning: Patients can better manage their finances and avoid unexpected medical bills if they understand their coinsurance responsibilities. - Informed Decision-Making: Knowing the out-of-pocket costs can help patients make informed decisions about their care options. - Resource Utilization: Nurses can help patients navigate their insurance plans, ensuring they receive the necessary care without undue financial stress.
