Health Insurance Terms: Know What You’re Paying For

Key Health Insurance Terms

Understanding common terms can help you know what you are paying for in a health insurance policy.

What is a deductible?

A deductible is the initial amount you have to pay for your medical expenses before your health insurance makes a payout.

What is co-insurance?

Co-insurance is how much you have to co-pay or split the cost with the insurer after you pay the deductible.

Common Questions About Health Insurance

Does health insurance cover all my medical costs?

Health insurance seldom covers 100% of your medical costs.

Can premiums change over time?

Premiums for health insurance usually increase with age, are not guaranteed and subject to change.

Are pre-existing conditions covered?

Health insurance policies do not usually cover pre-existing conditions when you sign up for them.