Best Health Insurance in California 2022
What’s a copay? Health Insurance in California
Health Insurance in California – Health Insurance can be confusing, we’re here to help! Watch to learn more about several important terms you should know when picking a plan and using your health coverage. Health insurance can be confusing so here’s a story to help explain some commonly used terms meet Stanley. He has a health plan and is paying his monthly premium a premium is an amount Stanley pays. His health insurance company for coverage.
He woke up this morning not feeling well, and called his doctor who is in his insurance network a network is a group of healthcare providers such as doctors specialists, and hospitals where Stanley can receive services covered by his plan.
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When he arrives for his appointment he asked for a copay a copay is a fixed amount Stanley needs to pay for certain health services such as seeing his doctor or filling a prescription.
During his visit, Stanley receives a blood test afterward a bill from his health insurance company arrives in the mail it shows the copay Stanley paid for the appointment and a separate coinsurance charge for his blood test coinsurance pays for certain services not covered by a copay unlike a fixed amount coinsurance is a percentage Stanley will pay for the test.
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Deductible coinsurance payments and co-pays are all considered out-of-pocket costs if Stanley has a serious medical issue.
Requiring expensive treatments his out-of-pocket costs could reach his out-of-pocket maximum which is the most stanley would pay annually if his max is reached his insurance would cover 100 of his health care for the rest of the year.
Stanley is feeling much better he was able to see his doctor and get the treatment he needed and thanks to his coverage he’s protected from any health care costs that could break the bank more information about health insurance is available at coveredca.gov