6 health insurance terms you need to know as open enrollment begins

Floral Separator November 6, 2022 By : Quick Insurance Guru

[{"selector":"#anim-bfd51e56-2469-4645-9f66-1c7840fe5042","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-842266f7-600e-42a1-9c62-71f2cb1bdd19","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab650405-c8d2-4844-8612-8594e88a6fa5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1d92bda5-70a6-4c17-8948-0d4b67b87a4a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Thousands of Americans are deciding on a health plan. Thousands of Americans are deciding on a health plan. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-3f7be5b8-2b15-41c0-b392-24c7f39cd94e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f44fea9c-7e91-43e1-aad5-400cdfcd9aae","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5eac0581-10d4-4d7c-8b2f-d3d9674b1f96","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-662d7f93-37e8-4f9a-9940-3f24cf8361dd","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A decision on health insurance can be difficult. Health plans have many moving parts — which may not come into focus at first glance. A decision on health insurance can be difficult. Health plans have many moving parts — which may not come into focus at first glance. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-d3654096-3ebc-4b9d-a544-effe73879d75","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-580861c2-5eb7-4c91-b5f8-9c2d00603b3f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bdc425db-52e9-4d78-9b57-9fc701f5482b","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d8ea8e9-c1aa-438d-9de8-35d51b2192a3","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] It's costly when someone makes a mistake with their health coverage. It's costly when someone makes a mistake with their health coverage. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-0cc30412-f893-4788-bd7f-6a334a7e220d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-520a64c7-9f77-4a0c-a45b-902f9cd5c65f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-350ceeac-b405-483a-b5ce-4857aa684d37","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82539af8-5143-4e0d-a02a-d6069a48131c","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Here's a guide to the major cost components of health insurance. Here's a guide to the major cost components of health insurance. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-5a2bfbbe-2aa3-40aa-b587-d7baea1e5b94","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-87f4f086-be0f-49b7-bc47-a0d473dac622","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-19c61822-2b15-4fe6-b380-a82f6fd79e1e","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95fd6971-2f46-4afb-b8ce-3a9ea320898d","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 1. Premiums 1. Premiums Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-9c6894dd-8b1a-4556-ad20-634a1fef7762","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d5192a01-47cf-4f25-9c30-279e641fe5dd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a2c54c5c-54ca-4e2b-b240-e4f7e76df0fa","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-243cc0d4-11a1-4607-816f-c0a4cc0cf293","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 2. Co-pay 2. Co-pay Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-a99345db-dd1d-4b55-aee8-6d93eadaaf27","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fe2a1e88-3c17-4379-b017-ea2db6aed5c8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-be15977b-a339-4371-b404-06b8e2fd180e","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d78d2710-74c4-49f0-884a-fc2d366673c9","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 3. Co-insurance 3. Co-insurance Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-1cf588ff-edcf-4a77-81a8-d05df725169a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0d25ad75-08c0-4e67-b389-c848b7199cad","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7e649122-8dd6-44b9-89c5-5e377cda4250","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-62690016-396e-4cae-8a25-cb2159f27aa2","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 4. Deductible 4. Deductible Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-07a7322c-4989-4d88-9bc2-8a9b46c88804","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7fcfdfb6-2150-421e-a37a-3ce7f497ccc9","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8ffc210b-c3b8-45f2-9a16-32f76fe0d62c","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-792854ef-0ea8-4243-aac5-5111ae8c2c12","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 5. Out-of-pocket maximum 5. Out-of-pocket maximum Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-e9bed1da-7871-45d5-b5fe-d7647105f1bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-97f0ae5b-0fca-4fbd-8d6f-20b51d60c81e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0206fdd8-808e-477e-9f59-f6c4faa17148","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2148e465-4d3d-4dff-b0bc-2952ffe8250c","keyframes":{"transform":["translate3d(108.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 6. Network 6. Network Credit : Unsplash Credit : Unsplash