ECONOMICS Helathcare--freshman

Front

flat fee paid each time they receive healthcare

Back

co-pay

Front

monthly amount paid to insurance company for health insurance coverage

Back

premium

Front

the money a person pays before the insurance policy provides benefits

Back

deductible

Front

Bill $1000--Deductible $500. Insurance pays?

Back

$500

Front

Is usually a 80/20 split

Back

co-insurance

Front

The higher the premium

Back

the better the insurance

Front

no deductible means

Back

the higher the premium