Kentucky Health Insurance – Some Terminology

							       Kentucky Health Insurance – Some Terminology
                                               Let us help you on your quest for Kentucky Health
                                               Insurance. We will begin with some terminology you
                                               may come across. What’s a deductible? How often
                                               have you wanted to ask this question? Or, what about
                                               “How does co-insurance work?” If you are looking
                                               for Kentucky Health Insurance let us help you sort
                                               through all of these complicated terms.

                                               Kentucky Health Insurance Terminology

                                              Premium: The amount of money you pay on a
                                              regular basis-once a month, four times a year, twice a
year, or once a year-to the insurance company to keep your health plan active. You can not apply
what you pay for your premium toward your deductible.

Deductible: The amount of out-of-pocket expenses you have to pay each year before your health
plan kicks in and starts paying for services.

Coinsurance: The percentage of money you have to pay out of pocket for covered services. It’s the
portion of the bill not paid by your health plan after the deductibles have been reached.

Discount: The reduced out-of-pocket cost you enjoy when you obtain health care services from a
network provider.

Free Look Period: The period the member has to review the contract and cancel the policy back to
the effective date and obtain a premium refund.

That’s all for today’s lesson. Check back next week for more definitions! Also, if you have a specific
question regarding Kentucky health insurance feel free to send us a message or leave a comment,
we will be happy to answer.

About the Author

Tracy McManamon is a licensed health insurance agent with over 22 years of experience. He and his
team members at One Source benefits help clients get affordable Kentucky health insurance
plans.

One Source Benefits – An ideal place for you to fulfill your health insurance needs in Kentucky.
Explore our website to understand more about the valuable services we offer. Contact us to find an
affordable Kentucky health insurance plan that perfectly suits your requirements!

Contact Details

Call Toll Free Number: 1-877-549-1212.
Website: http://www.kyfreehealthquotes.com/