Health Insurance Key Terms

Understanding your medical insurance plan company health benefits.

Health insurance key terms. Many of the terms you encounter when dealing with health insurance are not familiar. Key health insurance terms. It s important to understand your costs and key health insurance terms so you ll know what services your plan will pay for and how much each visit or medicine will cost. Health insurance key terms.

The financial loss that may arise due to the passing away of the life assured is generally chosen as a life cover when buying a life insurance plan. But first let s untangle all the key terms you are likely to come across in health insurance. While these terms can be confusing the better you understand them the better you will be prepared to successfully gain coverage and access to the treatments that are right for you. Insurance plans can differ in which providers you can see and how much you have to pay.

A ppo is a healthcare organization made up of doctors hospitals and other providers of healthcare services. Good news this is the perfect place to start. Start studying insurance key terms. Ppo or preferred provider organization.

If the plan has a deductible you usually pay the co insurance for covered services after your deductible is met. Learn vocabulary terms and more with flashcards games and other study tools. An updated glossary of essential health insurance terms based on the article understanding your health insurance plan by financial specialist david jaramillo in the february 2015 issue of lane fertility magazine. March 08 2018 understanding key health insurance terms.

In technical terms sum assured is the term used for an amount that the insurer agrees to pay on death of the insured person or occurrence of any other insured event. Key health insurance terms. Common health insurance terms. Check out our health insurance glossary full of information and terms commonly used in the health industry.

As a general rule purchasing a ppo health insurance plan will give you. For example your health insurance may cover 70 of the charges for a covered hospitalization leaving you responsible for 30. Terms in this set 30 a policyholder who is a member of a group and covered by the group s insurance carrier. Common health insurance terminology 101.

Health insurance plans that work with john muir health. We ve created a glossary of essential health plan terms. This 30 is known as the co insurance.