Medical Insurance Terms

What is the term for the flat fee that an individual pays for a medical service, such as $15 at a doctor's office?

• Deductible

• Out of pocket maximum

• Co-pay

• Co-insurance

What is the term for the amount of money that you or your employer pays to the insurance company every month or year as part of the insurance plan?

• Deductible

• Premium

• Out of pocket maximum

• Co-insurance

What is the term for the amount of money that an individual must pay before the benefits of health insurance kick in and co-insurance starts?

• Deductible

• Co-pay

• Out of pocket maximum

• Co-insurance

What is the term for the percentage of money that you are expected to pay after the deductible is reached? For example, after the deductible is reached, the insurance pays 80% and you pay 20%. What is this 20% called?

• Deductible

• Out of pocket maximum

• Co-insurance

• Co-pay

When you reach this amount, your health insurance will pay 100%of the costs of your medical services, as long as they are included in your plan.

• deductible

• co-insurance

• co-pay

• out of pocket maximum