Frequently Asked Questions
- What is a co-pay? A health insurance copayment is a fixed amount set by an insurance plan for sharing the cost of covered services between the plan and the customer. The cost-sharing system is a critical selling point for each plan because it breaks down how much you'll actually owe for services, prescriptions, doctor visits, and more.
- What is co-insurance? Coinsurance is the percentage of costs you pay after you have met your deductible.
- What is a deductible? A deductible is the set amount you pay for medical services and prescriptions before your coinsurance kicks in.
- Why is it beneficial for me to use network providers? Make sure you use doctors and service providers that are in-network: It will significantly reduce your out-of-pocket medical expenses, and. Ensure any costs you incur are applied towards your plan's deductible and out-of-pocket maximum (out-of-network costs don't count).