Insurance Health Insurance -

: Your share of the costs of a healthcare service, usually a percentage (e.g., 20%) of the allowed amount.

Health insurance is a contract where an insurer agrees to pay some or all of your medical costs in exchange for a monthly premium. It protects you from high, unexpected healthcare expenses by sharing the risk across a large group of people. 🛡️ Key Terms to Know insurance health insurance

: The absolute most you will pay for covered services in a year. 🏥 Common Types of Plans : Your share of the costs of a

: Government programs providing coverage based on age, disability, or income level. 💡 Tips for Choosing a Plan 🛡️ Key Terms to Know : The absolute

: Coverage offered by a workplace where the employer often pays a portion of the premium.

: A flat fee you pay for a specific service, like $30 for a doctor’s visit.