Premium
Amount you pay for coverage on a monthly basis
Deductible
Amount you must pay out of pocket before insurance will cover non-essential benefits
Co-pay
Fixed fee you pay when you receive service at a Dr. or pharmacy. Insurance company will then review your care and see if you owe more, in which case they’ll send you a bill.
Co-insurance
This is like a copay, but when you pay a percent of the cost, rather than a flat fee.
Advise & Conquer 