Coinsurance. Coinsurance is an additional cost that some health care plans require policy holders to pay after the deductible is met. When you pay coinsurance, you split a certain cost with the insurance company at a ratio determined by the terms of your insurance plan. Coinsurance is often 10, 30 or 20 percent.
State lawmakers grappling with how to fund former governor Robert F. McDonnellâs landmark 2013 transportation bill included a fail-safe measure that would increase the stateâs gas tax if Congress failed to deliver on online sales revenue by the start of 2015.
The transportation bill changed the way the gas tax is assessed from a flat tax of 17.5 cents per wholesale gallon to a percentage based on the average price over a six-month period. The hike would raise the tax from 3.5 percent to 5.1 percent, or from 11.1 cents to 16.1 cents. The increase would bring in $783 million over five years, but would not fully replace the $978 million in projected revenue from the online sales legislation, according to an analysis from the Commonwealth Institute.