We’re here to help you become familiar with common health insurance terms used within your plan to help you better understand your plan documents. Here are just a few commonly used terms you may come across:

Premium: The amount that you pay in order to have health insurance. This is usually paid monthly, quarterly or yearly by you and/or your employer.

Copay: Also called a copayment. This is the fixed amount you pay for a covered health care service each time you receive it. The amount may vary depending on the type of service.

Deductible: This is the amount you pay out-of-pocket for covered health care services before your health insurance provider begins to pay. It may take a few doctors visits before you meet your deductible.

Coinsurance: Sometimes the cost for your medical services is shared between you and your health insurance company. Coinsurance is calculated as a percentage of the total cost you must pay above and beyond your copay.

The world of health care includes many more commonly used terms. You can use Priority Health’s in-depth glossary to check for definitions any time you’re reading your plan documents.


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