www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP terms Health Insurance what do they all mean?
Health Insurance Terms | What do they all mean?
Dec 04, 2014
You're supposed to know these health insurance terms - but what if you don't? Take a little 101 view at these often-used terms used by your health insurance company.
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www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
termsHealth Insurance
what do they all mean?
www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
?
?
?
www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
copayA set amount that you pay when you go to the doctor or pick up a prescription, have a test, or get surgery.
www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
coinsuranceA percentage of the total cost that you pay when you go to the doctor or pick up a prescription, have a test, or get surgery.
www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
deductibleThe amount that you have to pay before your health insurance company pays anything.
I pay, then
they pay
www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
out-of-pocketThe maximum amount that you pay before your health insurance covers everything else (even copays & coinsurance).
I pay upto this
amount
insurance pays
the rest
www.COHealthOP.org | Facebook.com/COHealthOp | @COHealthOp | YouTube.com/user/COHealthOP
For more information,visit www.COHealthOp.org
or call (720) 627-8900.
Colorado HealthOP is a registered trade name of Colorado Health Insurance Cooperative, Inc.
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