3 Cost Factors to Understand When Looking at Health Insurance – Fairview Park, OH
Health Insurance Fairview Park, OH
1) Deductible - This is the amount of money you will pay out of pocket before your health insurance begins to pay eligible expenses.
2) Premium - This is the fixed amount of money you pay, typically monthly, to keep your health insurance plan active.
3) Copayment or Copay - This is a fixed payment, in addition to your premium, when you have a doctor's visit, specialist visit, ER visit, or are paying for prescription drugs.
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"What do I need to understand about costs?" getcovered.com, https://www.getcovered.com/resources/what-do-i-need-to-understand-about-costs/
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