Your insurance plan will probably include a cost sharing feature where
you pay a portion of the fee for the cost of medical care after the deductible
has been satisfied.
Deductible - A fixed dollar amount that must be paid prior to eligibility for payment
of covered services.
Co-Pays - Members pay a fixed dollar amount, such as $20 to visit the PCP, $30
to be treated by a Specialist, and $50 for an ED visit.
Co-Insurance - Members pay a fixed percentage of the cost. In this cost-share, the
patient pays 20% and the insurance pays 80% of the allowed amount.