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It can be difficult to figure out what is going on when shopping for health insurance. There are so many different terms that you need to know, in order to make sure that you have a plan that you can afford. Western Trail Insurance in Oshkosh, NE offers this guide in navigating health insurance.
Here are some of the terms that you need to know:
Deductible
The deductible is going to be the amount of money that you have to pay before your insurance kicks in. This can be as little as five hundred dollars, though it can be several thousand dollars.
Premium
This is the amount of money that you pay monthly in order to have health insurance.
Copay
You may be required to pay a copay when you go to the doctor or emergency room.
Out-of-pocket maximum
Your health insurance has a maximum amount of money that you will have to pay out of pocket. After you hit that amount, they will pay one hundred percent of your bills.
Health savings account
You can save money in a health savings account to be used toward your medical bills. This money comes out of your paycheck before taxes, allowing you to have a bigger deductible and more affordable health insurance.
Give Us A Call
It can be really hard to determine the right health insurance plan. Everyone has different deductibles and premiums. You will be required to pay a certain copay when you go to the doctor. You may also have the opportunity to start a health savings plan.
If you want to make sure that you are fully protected, you should contact us today at Western Trail Insurance in Oshkosh, NE.