Health Insurance Definitions
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Last updated 2:33 PM on 8/29/25
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4 Terms
1
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Premium
Monthly fees an individual pays for insurance
2
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Deductibles
Amount paid for healthcare/medical services before policy coverage—what your insurance agrees to cover
3
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Co-insurance
% of expenses shared by patients and their insurance company—ex) company pays 80%, patient pays 20%
4
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Co-payment
Specific amount that is always due at the time of service—ex) $10 per visit/examination/appointment
Note 
Flashcards (106)