What does cost sharing mean?

Definitions for cost sharing
cost shar·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost sharing.

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  1. Cost sharing

    In health care, cost sharing occurs when patients pay for a portion of health care costs not covered by health insurance. The "out-of-pocket" payment varies among healthcare plans and depends on whether or not the patient chooses to use a healthcare provider who is contracted with the healthcare plan's network. Examples of out-of-pocket payments involved in cost sharing include copays, deductibles, and coinsurance. In accounting, cost sharing or matching means that portion of project or program costs not borne by the funding agency. It includes all contributions, including cash and in-kind, that a recipient makes to an award. If the award is federal, only acceptable non-federal costs qualify as cost sharing and must conform to other necessary and reasonable provisions to accomplish the program objectives. Cost sharing effort is included in the calculation of total committed effort. Effort is defined as the portion of time spent on a particular activity expressed as a percentage of the individual's total activity for the institution. Cost sharing can be audited and must be allowable under cost principles and verifiable to records. A cost-sharing mechanism is a truthful mechanism for deciding what agents should be served by a public project, and how much each of them should pay.

U.S. National Library of Medicine

  1. Cost Sharing

    Provisions of an insurance policy that require the insured to pay some portion of covered expenses. Several forms of sharing are in use, e.g., deductibles, coinsurance, and copayments. Cost sharing does not refer to or include amounts paid in premiums for the coverage. (From Dictionary of Health Services Management, 2d ed)

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  1. Chaldean Numerology

    The numerical value of cost sharing in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of cost sharing in Pythagorean Numerology is: 7

Examples of cost sharing in a Sentence

  1. Cheryl Fish-Parcham:

    People who have insurance that they either bought themselves or that they're getting through an employer that is state regulated. In that case, some states have required that those insurers waive cost sharing for Covid-related treatment.

  2. Jeff Levin-Scherz:

    Employers are reluctant to pass more cost sharing onto employees because it's been a bad time, and they know that, and they are looking to be sure they can recruit the people they need.

  3. Erin Trish:

    We chose Costco as a comparison because it is an example of a system where the incentives are set up to deliver value on total cost, much like paper towels, patient cost-sharing for generics in Medicare Advantage Part D tends to be low, but this masks a system that is not currently set up to deliver value to the program overall.

  4. James Reschovsky:

    The higher prices in hospital outpatient departments are passed on to employers in the form of higher premiums, and ultimately to workers in the form of less generous health benefits, higher premium cost sharing, or lower wages, certainly patients with co-insurance would pay more out-of-pocket when the price of service is higher.

  5. Mick Mulvaney:

    We are looking at the cost-sharing payments on a month-to-month basis. We made them today. We'll make them tomorrow, but I don't think we'll see a long-term commitment from this administration.

Translations for cost sharing

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"cost sharing." Definitions.net. STANDS4 LLC, 2023. Web. 10 Dec. 2023. <https://www.definitions.net/definition/cost+sharing>.

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    come out into view, as from concealment
    • A. disturb
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