What does deductible mean in health insurance?

What does deductible mean in health insurance?

A deductible is the amount you pay out of pocket for healthcare services before your insurance starts to pay.

How does a copayment differ from a deductible?

A copayment is a fixed amount you pay for a specific service, while a deductible is the total amount you must pay before insurance kicks in.

Can you explain what out-of-pocket maximum means?

The out-of-pocket maximum is the most you will pay for covered healthcare services in a plan year. After reaching this limit, your insurance covers 100% of the costs.

What is the difference between in-network and out-of-network providers?

In-network providers have agreements with your insurance to provide services at lower rates, while out-of-network providers do not, often resulting in higher costs for you.