What does PV 20 mean on your health insurance card?

The PV20 code is used by health insurers to indicate that a patient has met their plan's deductible and is now eligible for coinsurance. Coinsurance is a cost-sharing arrangement in which the insured person pays a percentage of the allowed charges for covered healthcare services after the deductible has been met. The PV20 code is typically used for major medical plans and is a signal that the deductible has been met and that the carrier will begin paying a portion of the covered services.