Preventive Care Services: Take Charge of Your Well-being
My Coverage Explained
Pop quizzes and making you pull out your calculators seems like cruel and unusual punishment, doesn’t it? Figuring out your insurance deductibles sounds like it could be hard, but let’s simplify and break it down. We can do the math together— no calculator needed! We’ll even give you a cheat sheet to help you remember these key insurance terms:
When choosing and using your health insurance, you need to know how your health plan works and what your out-of-pocket costs may be. Let’s look at an example:
So what about my premium? What does it do?
The amount you pay for your premium are what keep your plan active which allows us to process your claims for services. Your premium payment is separate from the deductible and out of pocket amounts that are applied to your claim.
In some cases, the higher your deductible, the lower your monthly premium payment. The lower the deductible, the higher premium.
For more info on understanding health insurance, browse our website, call us at the number on the back of your Membership ID card, or visit our mobile health insurance center in your area. Stay “connected” with us for more useful tips and information!
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