Understanding Health Insurance
Everything you need to know about healthcare coverage, from choosing the right plan to understanding your benefits.
Frequently Asked Questions
Common questions about health insurance
Premium
The amount you pay each month for your health insurance coverage.
Deductible
The amount you pay before your insurance starts to cover costs.
Copay
A fixed amount you pay for a covered service after you've met your deductible.
Coinsurance
Your share of costs after meeting your deductible, expressed as a percentage.
Out-of-Pocket Maximum
The most you have to pay in a year for covered services.
Network
The doctors, hospitals, and other providers your plan has contracted with.
Prior Authorization
Approval required from your insurer before certain services are covered.
Formulary
A list of prescription drugs covered by your plan.
Open Enrollment
Nov 1 - Jan 15
Coverage Begins
Jan 1 (if enrolled by Dec 15)