insurance terms

The percentage of costs you pay after your deductible is met. Generally this is a percentage split by you and your insurance provider. 80/20 splits are common

• deductible

• premium

• coinsurance

• preventative care

A fixed amount that you are expected to pay in the earliest part of your policy year. After you meet the deductible, your insurance plan covers all or part of your expenses until year's end.

• deductible

• premium

• coinsurance

• co-pay

What you pay, usually monthly, for your insurance plan. This is a bill, and is unrelated to other out-of-pocket expenses you are expected to pay.

• deductible

• preventative care

• coinsurance

• premium

Often confused with coinsurance. This is a fixed amount that you agree to pay toward specified expenses. Typically a small flat fee that you pay at each doctor's visit.

• deductible

• co-pay

• coinsurance

• premium

Formerly not a provision you'd find in student health care plans. Examples would be vaccinations, annual check-ups, and health screenings.

• deductible

• co-pay

• preventative care

• premium

A group of doctors/providers that contract together with your insurance provider. Your insurance plan will incentive you to choose from the network that charges you less for treatment.

• co-pay

• co-insurance

• network

• group plan

All policy holders form a group. Within this group there are likely to be a mix of healthy individuals who require care.

• premium

• network

• co-pay

• group plan