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How Health Insurance Works | What is a Deductible? Coinsurance? Copay? Premium?
6:07
YouTubeEnsemble
How Health Insurance Works | What is a Deductible? Coinsurance? Copay? Premium?
If you have health insurance or are in the market for an insurance plan, you may be feeling terminology overload. What is a deductible? What is coinsurance? How does ...
395.8K viewsDec 16, 2020
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Get more out of your health plan by understanding these 4 terms: - Deductible: what you pay for covered health care services before your insurance starts to pay - Coinsurance: the cost you share with your insurance after meeting your deductible - Copay: the fixed amount you pay for health care services like doctor’s visits - Maximum out-of-pocket amount: the most you’ll pay for covered services for the entire year What other terms do you want to learn about? Tell us in the comments below. #sandi
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