Understanding Basic Health Insurance Terms

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Are you currently looking for a more affordable health insurance plan? If so, you may find yourself feeling a little overwhelmed and confused by some basic health insurance terms.

To assist in your search, it is a good idea to gain a better understanding of some basic health insurance terms and how they will affect your short and long-term costs.

Here are a few common health insurance terms you should know:

  • Premium – the premium is the amount you pay each month in order to maintain your health insurance coverage
  • Deductible – the deductible is the amount you have to pay before the health insurance plan picks up the costs
  • Co-payment – a co-payment is the flat fee you must pay in order to receive certain services under your health care plan
  • Co-insurance – co-insurance is similar to a co-payment, except the amount you have to pay is determined as a percentage rather than a flat fee

Be sure to consider all of these factors before purchasing a health insurance policy.
 This way, you will be certain to obtain the most affordable health insurance policy possible for your budget and needs.

Want to learn more about the impact of preventable diseases on health care cost? Then you will want to read our sample article Exploring the Rising Cost of Health Insurance Coverage. And to view more examples of our search engine optimized Web content, visit the Sample Content section of our website.