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Term Category: Payment Terms

  • Out-of-Pocket Maximum

    January 21, 2024
    The most you have to pay for covered services in a plan year. After spending this amount on deductibles, copayments,…
  • Coinsurance

    January 21, 2024
    The percentage of costs of a covered healthcare service you pay (20%, for example) after you've paid your deductible.
  • Deductible

    January 21, 2024
    The amount you pay for covered health care services before your insurance plan starts to pay.