Health Insurance Terms

Front

Coinsurance

Back

A percentage of costs you pay after reaching your deductible (e.g., 20% of a hospital bill).

Front

Out-of-Pocket Maximum

Back

The most you pay in a year before your insurance covers 100% of costs.

Front

Actuarial Value

Back

The percentage of total average costs your insurance will cover.

Front

PPO (Preferred Provider Organization)

Back

Can see out-of-network providers. No referrals needed. Higher costs.

Front

EPO (Exclusive Provider Organization)

Back

Must stay in-network but no referrals required.

Front

POS (Point of Service)

Back

Mix of HMO & PPO. Choose in-network (lower cost) or out-of-network (higher cost). Referrals required.

Front

Silver Plan

Back

You pay 30%, insurance pays 70%.

Front

Affordability of Renters Insurance

Back

Renters insurance is affordable (as little as $15/month).

Front

Dwelling Coverage

Back

Protects the physical structure of your home (walls, roof).

Front

Loss of Use Coverage (Homeowners)

Back

Covers living expenses if your home is uninhabitable.