Deductible – A deductible is an amount that you and the insurance company have agreed that you will pay before your health insurance benefits kick in. Once your deductible has been met, then your health insurance will cover a pre-negotiated amount of any further expenses.
Co-insurance – Co-insurance is a term used to describe a situation where an individual is covered by more than one health insurance company.
Co-pays – Similar to a deductible, a co-pay is an amount that you, as the insured will be responsible for paying at each and every doctor visit. Unlike a deductible, there is generally no cap to this amount, and you will continue to pay this co-pay each and every time that you visit your doctor.
For further information about these and other terms that are used in health insurance in Texas, visit http://www.texashealthcarespecialist.com/ today
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