Health Insurance 101: Essential Terms You Need to Know - PowerPoint PPT Presentation

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Health Insurance 101: Essential Terms You Need to Know

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PA health insurance is a vital financial safeguard for medical expenses. Key terms include premiums (monthly payments), deductibles (out-of-pocket costs before coverage kicks in), copayments (fixed fees for services), coinsurance (cost sharing with the insurer), and out-of-pocket maximums (expense caps). Network refers to approved healthcare providers, while preauthorization may be needed for specific treatments. Understanding these terms helps maximize health insurance benefits. To know more visit here – PowerPoint PPT presentation

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Title: Health Insurance 101: Essential Terms You Need to Know


1
Health Insurance 101 Essential Terms You Need to
Know PA health insurance can be a complex topic,
filled with a multitude of terms and concepts
that might seem overwhelming at first. To help
you navigate this important aspect of
healthcare. Here are some essential terms you
need to know- Provider Specialist Network
Premium Deductible Coinsurance Copayment
(Copay) Emergency Services Primary Care
Physician (PCP) Out-of-Pocket Maximum/Limit
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