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Find out how to perceive your prices and key medical insurance phrases


Printed on March 8, 2018

Insurance coverage can differ during which suppliers you possibly can see and the way a lot you need to pay. It’s vital to grasp your prices and key medical insurance phrases, so that you’ll know what companies your plan can pay for and the way a lot every go to or medication will price.

Essential key phrases defined

  • Deductible: The quantity you owe for lined well being care companies earlier than your medical insurance or plan begins to pay.
  • Copayment: An quantity you pay as your share of the price for a medical service or merchandise, like a physician’s go to.
  • Coinsurance: Your share of the price 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 in your medical insurance or plan every month.
  • Community: The medical doctors, 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 insurance definitions, and get extra data on how your prices work collectively.

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