Cost sharing

Definition

A method of dividing the cost of healthcare among consumers, insurance companies, employers and providers. For example, an employer may pay part of the premiums for insurance. BCBSKS will pay part of the healthcare bills, and the member will pay part. If a doctor is part of our network, then he or she will cover part of the cost by negotiating a discount for his or her services. Everyone shares in the expenses to keep costs down.