Understand these basic insurance terms to better understand your coverage.
A fixed dollar amount you pay at the time services are rendered. Typical copays are for office visits, prescriptions, or hospitalizations.
A specified percentage of the cost of treatment the insured (you) is required to pay for all covered medical expenses remaining after the deductible has been met.
The portion of your health care that you pay before insurance starts covering it, similar to car or homeowners insurance. Typically, the higher the deductible, the lower the monthly premiums.