: The amount you must pay out-of-pocket for covered services before the insurance begins to pay.
Understanding these terms is essential for evaluating any medical plan: medical plan
: The regular monthly fee paid to keep the insurance active. : The amount you must pay out-of-pocket for
: A fixed dollar amount (e.g., $30) paid at the time of a specific service. usually calculated as a percentage (e.g.
: Your share of the costs of a healthcare service, usually calculated as a percentage (e.g., 20%) after the deductible is met.