Health care simplified
Get to know the complex world of health care in a way that makes sense to you. A basic understanding of these key words will make it easier for you to navigate your health plan:
- Preferred Provider Organization (PPO) is a managed care plan which gives you access to more health care providers and services.
- Health Savings Account (HSA) is a savings account available to members who have a high-deductible health plan to help offset medical costs. The funds contributed to the account are not subject to federal income tax at the time of deposit.
- Network refers to a group of doctors, specialists, urgent cares and hospitals your health insurance company has partnered with to help save you money.
- Primary care provider (PCP) is the doctor you see first for common health concerns and continuing care.
- Specialist is a provider or doctor who has advanced education and clinical training in a specific area of medicine.
- Copay is the fixed amount you pay every time you receive health care services.
- Coinsurance is your share of the costs of a covered health care service.
- Deductible is the amount you owe for health care services before your health insurance kicks in.
- Out-of-pocket maximum is the most you’ll pay for covered benefits in any one year.
- Claim is a request for payment you or your doctor sends to your health insurance company when you receive medically necessary services you want covered.