Common vocabulary of insurance
What does deductible mean?
Deductible means that the deductible is a fixed amount that the insurance company does not pay in an insurance year. A deductible of 0 means that the insurance company will fully cover the medical expenses and does not need to pay part of the money in proportion.
What does the self-pay limit mean?
The maximum deductible is the upper limit of the medical expenses that the insured person needs to bear by the insurance company in an insurance year. This means that once the amount of the insured person’s self-payment reaches the self-payment limit, there will be no self-payment for subsequent medical expenses.
What does co-insurance mean?
The co-insurance is the cost that you need to bear for the insured medical services, usually in the form of a percentage. You should pay the co-payment and all deductibles that you have assumed. If your co-insurance is 10%, you will pay 10% of the extra out-of-pocket costs, and the insurance company will pay 90%.
What is the difference between inside and outside the network?
In-network means that the treatment you receive is provided by doctors, clinics, health centers, hospitals, medical clinics, and other providers that have signed a contract with your medical insurance plan as members. Normally, if you receive treatment from a provider in the network, the out-of-pocket ratio is lower.
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What does deductible mean?
Deductible means that the deductible is a fixed amount that the insurance company does not pay in an insurance year. A deductible of 0 means that the insurance company will fully cover the medical expenses and does not need to pay part of the money in proportion.
What does the self-pay limit mean?
The maximum deductible is the upper limit of the medical expenses that the insured person needs to bear by the insurance company in an insurance year. This means that once the insured person’s self-pay amount reaches the self-pay limit, there will be no self-pay part in subsequent medical expenses.
What does co-insurance mean?
The co-insurance is the cost you need to bear for the insured medical services, generally in the form of a percentage. You should pay the co-payment and all deductibles that you have assumed. If your co-insurance is 10%, you will pay 10% of the extra out-of-pocket costs, and the insurance company will pay 90%.
What is the difference between inside and outside the network?
In-network means that the treatment you receive is provided by doctors, clinics, health centers, hospitals, medical clinics, and other providers that have signed a contract with your medical insurance plan as members. Normally, if you receive treatment from a provider in the network, the out-of-pocket ratio is lower.
学校保险替换
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我如何购买符合学校要求可以waive的保险？
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谁可以申请
小蜜蜂申请为什么要求小于21岁？
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小蜜蜂推荐的保险对我的签证类型有什么要求？
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我现在不在美国，可以购买吗？
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