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.
Based on projections, Thursday's 3.5-cent increase will generate more than $500 million from July 1 through June 30, 2014. Under the old tax structure, a consumer paying $4.45 a gallon at the pump paid $3.96 for fuel, 18 cents in excise tax and 31 cents in sales tax. Under the current structure, the same $4.45 for a gallon of gas breaks down this way: $3.96 for fuel, 39.5 cents in excise tax and 10 cents in sales tax.