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Health insurance terminology can be hard to follow at times, but we\u2019ve broken down the five most important ones to note:<\/span><\/p>\n Having an understanding of these terms will help you make better choices surrounding your health insurance. With the help of <\/span>Health Plans of America<\/b>, looking for the right health insurance is hassle-free. Get connected with a licensed insurance agent to find a health care plan that works for you and your budget.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Health insurance terminology can be hard to follow at times, but we\u2019ve broken down the five most important ones to note: Premium – while you pay a monthly bill for your health insurance, the cost of said premium doesn’t necessarily equate to the cost of the health care services. Deductible – this is the out-of-pocket amount you must pay for health care services before your health insurance takes effect. Once you\u2019ve paid your deductible, you still may be required to pay copays or coinsurance until you hit your limit for those payments. Copayment – also known as \u201ccopay\u201d is a fixed amount you pay for a service or medication. This is often the way health insurance companies will split the<\/p>\n\n
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