GLOSSARY

The amount that must be paid for your health insurance plan. You and/or your employer may pay it monthly, quarterly, or yearly. it is not included in your deductible, co-pay, or co-insurance. if you don't pay your premium, you could lose your coverage. ID: Black pinstriped background with upper white wall. TraciAnn is a white woman wearing a green blouse, sitting on a yellow chair. Transcript: Premium: The amount that must be paid for your health insurance plan. You and/or your employer may pay it monthly, quarterly, or yearly. If you don't pay your premium, you could lose your coverage. #HealthGlossaryASL #HealthTerminology #Healthcare

A fixed amount you may be required to pay as your share of the cost for a medical service or supply. Example: $20 for a doctor's visit, lab work, or prescription. Co-pays may range from about $0-$50 depending on type of care. More info, description, & transcript: https://youtu.be/YX4SHUljgPc

A percentage share of the cost you may need to pay for a medical service or supply after you meet your deductible. Example: 20% co-insurance x $100 office visit = you pay $20. More info, description, & transcript: https://youtu.be/vriBlz4uyBA

The facilities, providers, and suppliers your health insurer has contracted with to provide health care services. ID: Black pinstriped background with upper white wall. TraciAnn is a white woman wearing a green blouse, sitting on a yellow chair. Transcript: Network: The facilities, providers, and suppliers your health insurer has contracted with to provide health care services. #HealthGlossaryASL #HealthTerminology #Healthcare

The most you pay during a policy period (usually 1 year) before your health insurance starts to pay 100%. This limit includes deductibles, co-pays, co-insurance, and other similar expenses you pay. ID: Black pinstriped background with upper white wall. TraciAnn is a white woman wearing a green blouse, sitting on a yellow chair. Transcript: Out of pocket maximum: The most you pay during a policy period (usually 1 year) before your health insurance starts to pay 100%. This limit includes deductibles, co-pays, co-insurance, and other similar expenses you pay. For example, if your out of pocket maximum is $5,000 and you've paid expenses throughout the year and reach $5,000 before the year ends, your health insurance will cover 100% of any cost for services. When the policy period ends, the balance starts over at $0 for you to build up to $5,000 again. #HealthGlossaryASL #HealthTerminology #Healthcare

The amount you owe for health care services before your health plan begins to pay. If your deductible is $1,000, your insurance plan won't pay anything until you've paid your $1,000 deductible for covered services. ID: Black pinstriped background with upper white wall. TraciAnn is a white woman wearing a green blouse, sitting on a yellow chair. Transcript: Deductible: The amount you owe for health care services before your health plan begins to pay. If your deductible is $1,000, your insurance plan won't pay anything until you've paid your $1,000 deductible for covered services. Once you've met the deductible, you will then pay your share of co-pay or co-insurance. #HealthGlossaryASL #HealthTerminology #Healthcare