Basics of Health Insurance

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Insurance policies can be complicated. Do you know what your coverage is?

Here are some basic definitions:

  • Deductible- percentage of bill you are responsible for off the top
  • Co-Payment - the percentage that the insurance company covers. It is typically 50 to 80 percent.

    Questions you should ask your insurance agent:

  • Does my policy have a limit on coverage and maximum benefits?
  • Am I covered for organ transplant surgery?
  • What is my out of pocket limit?
  • What prescriptions are covered? What do I have to pay for them?
  • Does my policy include emergency care and treatment in an intensive care unit?