Front

What is a PPO?

Back

A health insurance plan that allows you to see any doctor or specialist, or use any hospital.

Front

What is a premium in health insurance?

Back

The monthly/yearly fee you pay to an insurance company.

Front

What is a deductible?

Back

The amount that must be paid by the patient for medical services before the policy begins to pay.

Front

What is the out of pocket maximum?

Back

The amount of money an individual must pay before insurance will pay 100% of expenses for the remainder of the year.

Front

What is Medicaid?

Back

A medical assistance program that pays for the health care of individuals with low incomes.

Front

What is co-insurance?

Back

The percentage of costs of a covered healthcare service you pay after you've paid your deductible.

Front

What is an HMO?

Back

A health maintenance organization that requires members to get healthcare services from a network of providers.

Front

What is the difference between in-network and out-of-network providers?

Back

In-network providers have contracts with your insurance company to provide services at reduced rates, while out-of-network providers do not.

Front

What is a health savings account (HSA)?

Back

A tax-advantaged account that allows individuals to save for medical expenses.

Front

What is the purpose of an insurance policy?

Back

To provide financial protection against high medical costs.