Health Insurance Terms You Need to Know

Health Insurance Terms You Need to Know
"What's a deductible?" How often
have you wanted to ask this
question? Or, what about "How
does Co-insurance work?" Let us
help you sort through all of these
complicated terms.
Premium: The amount of money you pay on a regular basis-once
a month, four times a year, twice a year, or once a year-to the
insurance company to keep your health plan active. You can not
apply what you pay for your premium toward your deductible.
Deductible: The amount of out-of-pocket expenses you have to
pay each year before your health plan kicks in and starts paying
for services.
Coinsurance: The percentage of money you have to pay out of
pocket for covered services. It's the portion of the bill not paid
by your health plan after the deductibles have been reached.
Discount: The reduced out-of-pocket cost you enjoy when you
obtain health care services from a network provider.
Free Look Period: The period the member has to review the
contract and cancel the policy back to the effective date and
obtain a premium refund.

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About the Author
Tracy Mc Manamon is the CEO of One Source Benefits. He and
his associates have over 22 years of experience in the health
insurance industry. They offer affordable and comprehensive
Ohio health insurance and Kentucky health insurance plans
for their clients. Call or visit the respective websites to get a Free
Quote.
Contact Details:
Tracy Mc Manamon
One Source Benefits
616 Belleview Blvd
Steubenville
OH 43952
Phone: (877) 549 1212
Websites: http://www.onesourcebenefits.com/ (Ohio)
http://www.kyfreehealthquotes.com/ (Kentucky)

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