Applying for health insurance doesn't have to be confusing. Here's a handy glossary : Life Kit

  • 📰 NPR
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

🩺 🤔 This glossary demystifies the health insurance lingo you need to know before open enrollment.

"Cost-sharing" is an umbrella term — it's your share of the costs for health care services you receive. It comes in several forms: the deductible, co-payments, and coinsurance. While you pay your premium every month no matter what, these other payments only come into play when you pick up a prescription or see a doctor or other provider, or have some sort of exam or procedure done.

If you end up using a lot of health insurance in a single year, you might hit your out-of-pocket maximum, which is the most you'll ever have to pay on covered health services in a given year. It's the threshold above the deductible — if you hit it, you'll have no copays or coinsurance — your insurance will pay 100% of the cost of all covered health services for the rest of that calendar year.

Source: Healthcare Press (healthcarepress.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

University of Utah 'confused' by a federal law that was supposed to cover life-or-death cancer treatmentA FOX 13 News investigation is revealing why insurance companies denied patients like Ariel, who has stage-four cancer, from receiving potentially life-saving treatment for approximately eight months. AdamHerbets Yeti1181 AdamHerbets Answer: Because the American healthcare system is not designed to help patients. It is designed to make money for executives. AdamHerbets The answer is greedy capitalism in our medical system. What a fu*ked up country this is. AdamHerbets Sad that medical care is so much more accessible and affordable in many other countries. Nothing short of shameful corporate greed. I understand the companies need to make a profit, but not by creating a mountain of beaurcracy for those who should be covered.
Source: fox13 - 🏆 550. / 51 Read more »

Denmark’s Prince Nikolai ‘shocked, confused’ to be stripped of royal title by Queen MargretheDenmark's Prince Nikolai 'shocked, confused' to be stripped of royal title by Queen Margrethe For all the wealth and privilege royals have, why do they all look like shit. Literally pasty ghouls. Incest. That's why . Rich people problems 🙄 Must be out of control ?. Queen has over age lost control of her decision they are poor ?,Denmark must worry for her been Queen Margrethe in this Nation?
Source: nypost - 🏆 91. / 67 Read more »

A’s loss is a historic win for MarinersMariners headed to playoffs for first time since 2001 after beating A’s 2-1
Source: mercnews - 🏆 88. / 68 Read more »

Lightyear 0 Electric Sedan Enters Pre-Production in FinlandThe Lightyear 0 is inching closer to production, with the first pre-series having been built in Finland. Here's what this sedan promises.
Source: AutoweekUSA - 🏆 229. / 63 Read more »

Lightyear 0 Electric Sedan Enters Pre-Production in FinlandThe Lightyear 0 is inching closer to production, with the first pre-series having been built in Finland. Here's what this sedan promises. Dutch innovation. 👍 Proud. Even though production is in Finland and not in the Netherlands. 😉 Keep up the good work, lightyear_cars!
Source: AutoweekUSA - 🏆 229. / 63 Read more »

Analysis | The only thing the debt limit is used for is political blackmailIt doesn't control debt and Congress increasingly doesn't even pretend that it does. Bill Clinton says ‘there is a limit’ to how many migrants US can take without causing ‘disruption’ Are you saying there shouldn't be a debt limit? Seriously?
Source: washingtonpost - 🏆 95. / 72 Read more »