The Health Insurance Basics For Individual and Family Health Medical Plans

Let’s start with the basic terminology with health medical plans (health insurance).  There are three basic coverages to a plan, the deductible and coinsurance (coins) and the frequently used copay.  I will explain them below. Deductible: This is what you pay out of your pocket before the insurance company pays any claims. Deductibles are on an […]

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What is a Health Medical Plan Deductible?

A deductible is a specific dollar amount that your health insurance company requires that you pay out of your pocket each year before the health insurance company begins to make payments for claims. As an exception, not all health medical plans have a deductible such as an HMO or a zero dollar deductible plan. However, […]

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Are You Ready For Medical Emergencies?

It is said that ‘Necessity is the mother of all the inventions’. We always have a tendency to improve our lifestyles. Better house, larger cars, so on and so forth. In our pursuance to accumulate wealth and luxuries, we forget about our health and well-being. How can we forget that ‘health is wealth’? If you […]

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What is a (Copayment) Copay in Health Medical Plans?

The copay is a flat payment that is the responsibility of you the patient that is assessed per event or visit. Each insurance company has different level of copays and your Doctor office staff will advise you at your time of the visitation what you’re out of pocket charges are for that visit. The medical […]

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