perceive your prices and key medical health insurance phrases


Printed on March 8, 2018

Insurance policy can differ during which suppliers you'll be able to see and the way a lot it's a must to pay. It’s essential to know your prices and key medical health insurance phrases, so that you’ll know what companies your plan pays for and the way a lot every go to or drugs will price.

Essential key phrases defined

  • Deductible: The quantity you owe for lined well being care companies earlier than your medical health insurance or plan begins to pay.
  • Copayment: An quantity you pay as your share of the associated fee for a medical service or merchandise, like a health care provider's go to.
  • Coinsurance: Your share of the associated fee for a lined well being care service, often calculated as a proportion (like 20%) of the allowed quantity for the service.
  • Premium: The quantity you pay to your medical health insurance or plan every month.
  • Community: The docs, hospitals, and suppliers your well being insurer has contracted with to ship well being care companies to their members.

Browse our glossary for extra medical health insurance definitions, and get extra info on how your prices work collectively.

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