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Health insurance, in plain language
Helps pay for medical care, prescriptions and emergencies.
What it typically covers
- A share of doctor, hospital and emergency costs
- Prescription drugs (varies by plan)
- Preventive care, often at no extra cost
- Lower negotiated prices with in-network providers
Watch out: You usually pay the deductible first; then the plan shares costs via coinsurance and copays.
Key terms
PremiumWhat you pay to have the plan, often monthly.
DeductibleWhat you pay before the plan starts covering.
CopayA fixed fee for a service, paid at the time of care.
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