Category: Medical

  • Health Insurance Types

    HMO (Health Maintenance Organization) An HMO provides less freedom to choose a provider, but there’s less paperwork/no claim forms to fill out at the doctor’s office. Usually a primary care doctor must refer you to go to a specialist. The costs include a monthly premium, a deductible up to a certain amount, and copays at…

  • Key Terms in Health Insurance

    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…