What’s the difference between a deductible, a copayment and coinsurance?

A deductible is the initial amount you must pay each year for covered health services before your insurer will start to chip in. Pl  may have separate individual and family deductibles and/or deductibles for separate services such as hospitalization. A copayment is a fixed amount you pay toward each medical service, such as AED 25 for a checkup. Coinsurance is a fixed percentage, rather than a flat amount, that you pay toward each service.