Q: What Is a Copayment?
A copayment or copay is a fixed dollar amount (e.g., $25) you pay out-of-pocket for receiving a covered health care...
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Q: A Simple Explanation of Health Insurance Deductibles and How They Work
A deductible is the amount of money you have to pay toward your health care before your health plan begins...
Q: A Simple Explanation of Health Insurance
Health insurance is a vehicle that allows your employees to share their medical, surgical, and prescription drug costs with an...
Q: A Plain English Guide to Coinsurance
Coinsurance is a form of cost sharing between health care insurance companies and insured individuals for their covered care. It...
Q: Out-of-Pocket Maximums and How They Work
An out-of-pocket maximum (or out-of-pocket limit) is the most you have to pay for covered in-network (and, depending on the...