Health Insurance Basics - Terms You Need to Know
For the average person living in Texas, finding health insurance in Texas is not too big of a challenge.
There are many insurance companies offering coverage, and many plans to choose from.
The problem is, the average person in seeking insurance is not entirely sure what all of the terms that they are hearing about even mean, so they are ill equipped to make the most educated decision when it comes to choosing the right plan for them.
The following are some key terms that will help you negotiate the language used by most health insurance companies.
Deductible - Texas health insurance works a lot like other types of insurance.
You pay a monthly premium, which provides you with a safety net, should something go wrong with the thing that you are insuring.
In the case of a car, your insurance provides you with money in the event of an accident.
In health insurance, you are paying for coverage should you become ill.
A deductible is an amount that you and the insurance company have agreed that you will pay before your 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.
This often happens in families, where both spouses work and carry family insurance.
Each individual is paying for insurance, and each insurance policy is responsible for covering different amounts of different services.
Typically, one policy is designated as the primary, and the other policy is secondary.
In this case, your doctor will bill one insurance company and then, whatever costs are not covered may sometimes be billed to the other insurance companies.
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.
Many Texas insurance companies offer plans that have low co-pays, so that a routine doctor visit may cost only a few dollars.
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.
texashealthcarespecialists.
com/ today.
They are experts in Texas health insurance, and can help you navigate your way through insurance quotes and find the best plan for you.
There are many insurance companies offering coverage, and many plans to choose from.
The problem is, the average person in seeking insurance is not entirely sure what all of the terms that they are hearing about even mean, so they are ill equipped to make the most educated decision when it comes to choosing the right plan for them.
The following are some key terms that will help you negotiate the language used by most health insurance companies.
Deductible - Texas health insurance works a lot like other types of insurance.
You pay a monthly premium, which provides you with a safety net, should something go wrong with the thing that you are insuring.
In the case of a car, your insurance provides you with money in the event of an accident.
In health insurance, you are paying for coverage should you become ill.
A deductible is an amount that you and the insurance company have agreed that you will pay before your 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.
This often happens in families, where both spouses work and carry family insurance.
Each individual is paying for insurance, and each insurance policy is responsible for covering different amounts of different services.
Typically, one policy is designated as the primary, and the other policy is secondary.
In this case, your doctor will bill one insurance company and then, whatever costs are not covered may sometimes be billed to the other insurance companies.
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.
Many Texas insurance companies offer plans that have low co-pays, so that a routine doctor visit may cost only a few dollars.
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.
texashealthcarespecialists.
com/ today.
They are experts in Texas health insurance, and can help you navigate your way through insurance quotes and find the best plan for you.
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