Health insurance is a contract between two parties, of a person and the insurance company does. The contact may be between a sponsor as a business and the insurance company. This contract may be renewed on a monthly or annual basis. Costs are covered by health insurance in advance will be determined by the insurer and the signature of the form allows an agreement on the terms of the offer.
Premium: The premium is the amount of money a person or a sponsor of the insurer pays for a health plan. This premium can be paid monthly or annually depending on the insurer.
Deductible: This is the amount paid by the insured own money for the insurance pays the rest An example is provided at $ 600 per year for the insurance deductible will not pay for their health. The insured may take several visits to the doctor for their own risks for insurance companies to pay for nursing care to achieve.
Supplement: A supplement is the amount of money an insured must pay their own money for the insurance pays for this service, or visit. One example is the insured pays $ 50 visit co-payment for a prescription or doctors. Whenever the service is required to pay this amount.
Co: co-insurance, the additional payment to the co-payments. There is a certain percentage of the total cost of the benefit received. For example, an insured person up to 30% of the cost of an operation to pay the surcharge. The insurance company pays the remaining 70% said that if a cap on co-insurance. Ultimately, the policy may end as a result of little or much, it all depends on the cost of the service they receive.
Exclusions: A health insurance plan, not all services. The insured, the total cost of services not covered by the payment of their own money.
coverage limits: Not all insurance companies cover all charges. Some health insurance plans pay for health care for a certain amount. The fees or medical expenses will be paid the maximum amount over the insured. In other cases, insurers offer a maximum coverage for life. In this case, the insurance stops, and then reach the maximum amount and other fees paid by the insured
Out of pocket limits: This is similar to the coverage limit, provided that the insured is entitled to payment stopped when she reached her bag to the ceiling, then the insurance company pays the remaining costs.
Amount: This is the amount of money the insured pays an insurance company, if health insurance for all insured persons consents processing individual members.