Then those years where you’re not spending that that can be saved and it can grow year to year so that you have it in the future you you well anytime you talk about health care or Dental insurance there are terms that are used that sometimes are hard to understand or need clarity so we’re going to try to explain some of them here in this program first of all coinsurance now.
This is the about that you must pay for covered services after the deductible has been met for example if a policy pays eighty percent of covered charges then your coinsurance amount will be the remaining twenty percent of covered charges copay now this is the fixed dollar amoun that you pay to your provider each time you get medical care for example you may be charged a twenty-dollar copy when you visit your primary care doctor deductible.
This is the initial out-of-pocket amount that you owe for health care services before your plan begins to pay now for example if your plan deductible is one thousand dollars your plan will not pay anything until you meet the one thousand dollar deductible for covered health care services subject to the deductible the deductible may not apply to all services network now this includes the hospitals doctors health care suppliers and facilities.
That your health plan has contracted with to provide health care service premium this is the amount that must be paid for your health insurance plan it’s typically paid by you or insurance or plan begins to pay one hundred percent of the allowed amount this limit never includes your pryour employer out-of-pocket limit the most you pay during a policy period usually a year and this is before your healtemium balance bill charges or health care that your health insurance or plan doesn’t cover now.
Some health insurance or plans don’t count all of your co-payments deductibles coinsurance payments out-of-network payments or other expenses toward this limit now we have a full list of terms and their meanings on our website and links to more information from our program now as I mentioned before we do have a list of questions.
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