/To Understand Health Insurance, Learn These Four Key Terms

To Understand Health Insurance, Learn These Four Key Terms

Co-insurance: The percentage of costs of a covered health care service you pay after you’ve met your deductible. Let’s say your co-insurance is 20 percent (you have an 80/20 plan). You go to the doctors and it costs $100 total. Once you’ve met your deductible, when you get bill, you pay $20 and your insurance pays $80.