Definitions
Premium
The amount you pay every month to have health insurance
Out-Of-Pocket Maximum
The most you will have to pay in a year for covered health care services. After you hit this amount insurance pays 100% covered costs.
Medicaid
A government health insurance program for people without insurance
Deductible
The amount you must pay out of pocket for medical services before your insurance starts.
Out-Of-Network
Receiving medical care that do not have a contracted, discounted rate with your insurance
Medicare
A government health insurance program mainly for people 65 and older, and for some young people with certain disabilities.
Benefits
The services your insurance plan helps pay for out of network
Co-Insurance
The percentage of costs you pay after meeting your deductible.
Supplemental Insurance
Extra insurance you can buy to help cover costs that your main insurance doesn't pay.
Open Enrollment
Time of year when you can sign up for health insurance or change your program
Co-Payment
A set fee you pay for a service
Health Savings Account (HSA)
Savings account that is tax free to pay for health care expenses