Insurance Terms Explained
Deductible
The amount you pay for covered healthcare services before your insurance plan starts to pay.
Copayment
A fixed amount you pay for a covered healthcare service after you pay your deductible.
Coinsurance
The percentage of costs of a covered healthcare service you pay after you have paid your deductible.
Out-of-Network
A healthcare provider that does not have a contract with your health insurance plan. Using these providers may result in higher costs.