Meaning of terms about health insurance

Questions: What are the meaning of terms related with health insurance?

Answer:

Premium: The monthly fee for your insurance.
Deductible: How much you must kick in for care first, before your insurer pays.
Co-pay: Your cost for routine services to which your deductible does not apply.
Co-insurance: The percentage you must pay for care after you’ve met your deductible.
Out-of-pocket maximum: The absolute max you’ll pay annually.

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About Firat Karakusoglu

IIT Tech.

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