HLT POL 100 Chapter Notes - Chapter N/A: Primary Care Physician, Co-Insurance, Managed Care
Document Summary
Hlt pol 4071 week 2 vocabulary co-pay: a fixed out-of-pocket amount paid by an insured for covered services. It is a standard part of many health insurance plans. Insurance providers often charge co-pays for services such as doctor visits or prescription drugs. co-insurance: the amount you pay for covered health care after you meet your deductible. This amount is a percentage of the total cost of care for example, 20% and your blue cross plan covers the rest. Deductible: is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses. This provider must agree to accept the insurance company or plan agreed payment schedule as payment in full less any co-payment. in-network: it means they accept your health insurance plan. In-network providers generally have a contract with your insurance company, which means your insurance will pay for some or all of the services you receive from that provider.