Health Insurance Information
Below are key terms that will help you learn more about health insurance in California. We simplified these terms for you.
Deductible- what you pay before the insurance company will start to pay.
Co-pay- a specific dollar amount you pay for services rendered to the insured.
Co-insurance- the cost sharing the insured "you" and the carrier do up to max out of pocket met at which point if the max out pocket is met the insurance picks up at 100%.
Max out of pocket- the most "you" the insured will ever pay in a calendar year.
Negotiated fee- The discounted rate that the insurance company has pre-negotiated with the hospitals and physician
that you received by being insured which is much less that if you had no insurance.
