Common Health Insurance Terms Defined

Health insurance is an important part of your financial plan. It protects you and your family every day. However, many of the terms that are included in a policy can be confusing. The team at BLC Insurance works with residents in the Urbandale IA area and understands the needs you have. They work to ensure that their clients are not only adequate covered but also understand any unfamiliar terms or language that the policy contains.   

Here are a few of the terms you will most likely encounter:

Premium: This is the amount that you will pay on the policy each term. Term periods can be defined as monthly, quarterly or semi-annually. The premium amount is determined by the type of policy that you and your agent select.

Deductible: This is the amount that you will be responsible for before the policy begins to pay. When you have paid out the deductible amount within a year, the health insurance policy will cover any additional charges for that year.  

Co-pay: This is a fixed amount defined by the health insurance policy that you will be responsible for certain health services. For instance, if the policy states that you have a $10 co-pay for a doctor’s visit, then you will pay $10 when you visit your physician. The policy will pay the remainder. These co-pays can vary from policy to policy.

The team at BLC Insurance wants all of their clients in the Urbandale IA area to have the best health insurance for their needs. Every day, they work hard to bring the best available plans to their clients and present a range of options. They work hard for you! Call them today and get the health coverage that you need!